Walmart has increased its investment in Flipkart, an Indian e-commerce company:
“The retailer led a new $1.2 billion financing round in the Flipkart Group, the largest e-commerce player in India. In August 2018, Walmart completed its $16 billion investment in Flipkart, making it the company’s majority owner with a 77% share.”
P.S. Walmart continues to pursue overseas opportunities and is investing in strong executive leadership for its international division. Are you interested in selling your products in other countries? Our experts can help. Contact us today to schedule an appointment.