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The Singapore-registered entity owns eight Indian companies, including Flipkart Internet Pvt. Ltd, the company that runs the e-commerce marketplace Flipkart.com, Flipkart India Pvt. Ltd, the wholesale business, and Flipkart Logistics Pvt. Ltd, which runs Ekart (the internal logistics arm that can be used by other e-commerce players).
Global retail giant Walmart has paid $16bn (£11.8bn) for a majority stake in Flipkart, India's biggest online retailer, making this the world's largest ever e-commerce acquisition.
In May of last year, the 37-year-old entrepreneurs sold a majority stake in their Indian shopping site, Flipkart, to U.S. retail giant Walmart for a record-breaking $16 billion.
In 2018, Bansal held a 5.5 per cent stake in Flipkart, which he sold to Walmart and his net worth then was a little over $1 billion. [7] Sachin Bansal is now the managing director of Navi Group, a financial services company.
Walmart Inc. (WMT) made it official, announcing Wednesday that it is paying $16 billion to acquire a 77% stake in Flipkart Group, one of India’s leading e-commerce players. The announcement...
US retail giant Walmart has increased its stake in Indian e-commerce subsidiary Flipkart as it paid USD 3.5 billion (around Rs 28,953 crore) to acquire shares from its non-controlling interest holders in six months to July 31, 2023.
Flipkart’s competitors include U.S. e-commerce giant Amazon, which has invested billions of dollars in the Indian market, as well as domestic names such as JioMart, the online grocery...
Walmart has paid $1.4 billion to buy out hedge fund Tiger Global's investment in its Indian e-commerce firm Flipkart and acquired private equity firm Accel's remaining 1% stake in the company...
Walmart announced over the weekend that it has completed a $16 billion investment in Flipkart that sees it become the majority owner of the Indian e-commerce company. The deal was first revealed...
Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to ...