Walmart could buy more than 40% of the e-commerce company at a higher valuation than the $12.5bn at which SoftBank Vision Fund invested in August.
Retailer Walmart has entered discussions to acquire a stake of more than 40% in India-based e-commerce company Flipkart, Reuters reported today, citing two sources familiar with the matter.
Flipkart’s e-commerce marketplace lists more than 80 million consumer items across 80 categories including electronics, clothing, domestic appliances, jewellery and sporting equipment. It has some 100 million registered users.
Telecommunications and internet group SoftBank’s Vision Fund bought $2.5bn of primary and secondary Flipkart shares in August 2017 at a reported $12.5bn…
