What is Walmart Flipkart deal all about?

(Last Updated On: February 9, 2019)

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.

Table of Contents

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.