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Walmart could invests in Flipkart to compete Amazon

The cut-throat competition and depleting profitability is putting pressure on all major e-commerce players in India. With Amazon India slowly taking a lead over the Indian players, all these unicorns including Flipkart and Snapdeal are out in the market to raise fresh funds.

As per grapevines the U.S. retailer Walmart is looking to invest between $750 million to $1 billion in Flipkart. For Flipkart, which is currently valued around $11.5 billion, this would be a good support. If the two sides agree to join forces,

Wal-Mart could gain a better foothold in Asia’s third-largest economy. Having entered India seven years ago, Wal-Mart currently operates 21 wholesales stores in India, none of which are allowed to sell directly to consumers. Wal-Mart has 500 plus stores in China.

Wal-Mart agreed in June to take a 5 percent stake in China’s JD.com, giving the U.S. firm a ringside seat in JD.com’s bitter rivalry with Chinese e-commerce leader Alibaba Group Holding Ltd. 
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