Hello guys!!! Today I am here with the most trending topic on the internet which is Walmart Flipkart deal in the market. In this post, I will tell you in detail information about both the companies and all about Walmart Flipkart deal & Flipkart Amazon deal.
All About Flipkart company
- Flipkart is the Indias Biggest E-commerce company.
- This company is Founded in the year 2007 by Mr. Sachin Bansal and Binny Bansal.
- Flipkart started by selling books online & popularise the idea of buying books online.
- launches his own products under the name of Digiflip.
- It is the one of the best competitor for Amazon.
- This company has so many sponsor companies like Motorola Xioami and Microsoft.
Amazon & Flipkart Deal
- Amazon is worlds biggest E-commerce company.
- uses so many strategies to lead up on the Internet market.
- Due to this reason, so many times company is in the loss.
- Flipkart is the main competitor for Amazon.
- Few days back Amazon gives an offer to buy 51% shares of Flipkart.
- But Flipkart rejects this offer because he wants healthy competition in market.
Walmart Flipkart deal
- Walmart is the worlds biggest store. (like DMART)
- This company has very big business in USA & China.
- This company wants to grow his business in India.
- Due to some issues, this did not happen.
- Walmart is giving the Offer to Flipkart buy 86% shares.
- Flipkart accepted this deal in 51%.
- Walmart wants to bite a chunk of the Indian retail market worth $670 billion, of which retail is $20 billion (and expected to touch 60 percent this year).
- After this deal, we can see stores of Flipkart in India.
- Due to this Flipkart start hiring freshers for jobs.
consequences of Walmart Flipkart deal
So guys I think you know all about Walmart Flipkart deal.
If you have any douts comment down below.