$1.8bn Shopping Cart

$1.8bn Shopping Cart

Share this article


  • Walmart has acquired Tiger Global Management's remaining stake in Flipkart for $1.4 billion, valuing the Indian e-commerce giant at $35 billion. This transaction marks a decrease from Flipkart's previous valuation of nearly $38 billion during its 2021 funding round.
  • This move highlights Walmart's continued interest in India's consumer market as it boosts its bet on Flipkart. Walmart initially acquired a 77% stake in Flipkart for $16 billion in 2018, and now with this latest purchase, it further solidifies its position in the growing Indian e-commerce sector.

Why it matters

The deal underscores the significance of the Indian market for both Walmart and Tiger Global, positioning them to leverage the country's potential for further growth in the e-commerce space.

akbaraka

Get Smarter
About Investing

Join 35,000+ subscribers and get our 5 min daily newsletter on daily local and international financial news.
akhbaraka
Get Smarter<br/> About Investing

Similar News