YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Walmart to buy controlling stake in Flipkart for $16B

Posted online

Walmart Inc. officially announced plans to buy a 77 percent stake in India's Flipkart for $16 billion.

“India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of e-commerce in the market,” said Doug McMillon, Walmart’s CEO, in a statement.

Morgan Stanley estimates the Indian e-commerce market may be worth as much as $200 billion in a decade.

Read more from Reuters.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Fall 2026 Architects & Engineers Project Report

This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.

Most Read
Update cookies preferences