Walmart acquires 75% stake in Indian company Flipkart
The US food giant Walmart has acquired a 75% stake (value US $15 billion) in Flipkart, an Indian e-commerce company founded in 2007 which has seen rapid growth in the online retail sector.
Flipkart, which reportedly has 100 million registered users and makes 8 million deliveries a month, chose Walmart over rival bidder Amazon.
Image credits: Walmart
