{"id":29520,"date":"2018-10-26T10:59:11","date_gmt":"2018-10-26T05:29:11","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=29520"},"modified":"2018-10-26T10:59:11","modified_gmt":"2018-10-26T05:29:11","slug":"walmart-to-buy-control-of-flipkart","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/walmart-to-buy-control-of-flipkart\/","title":{"rendered":"Walmart to buy Control of Flipkart"},"content":{"rendered":"

Walmart to buy Control of Flipkart<\/strong><\/a><\/p>\n

Effects of Liberalisation; Indian startups<\/p>\n

News:<\/u><\/strong><\/p>\n

    \n
  1. Walmart has acquired stakes of Flipkart.<\/li>\n<\/ol>\n

    \"\"<\/p>\n

    Important facts:<\/u><\/strong><\/p>\n

      \n
    1. Flipkart is India\u2019s first billion-dollar e-commerce company<\/li>\n
    2. Walmart is a US based company which first entered Indian market in a joint venture with Bharti Group in 2007<\/li>\n
    3. Recently, Walmart has acquired 77% stakes of Flipkart worth $16 billion. This is Walmart\u2019s largest acquisition till date<\/li>\n
    4. The $16 billion investment includes $2 billion of new equity funding. This is expected to help Flipkart to achieve its growth potential<\/li>\n
    5. Walmart considers that with its acquisition of a controlling stake in Flipkart, India would serve as a key centre of learning global operations of the firm<\/li>\n
    6. Post Walmart\u2019s announcement of acquisition of Flipkart\u2019s stakes, share of leading retail firms have declined<\/li>\n
    7. Benefits:<\/u><\/li>\n<\/ol>\n