US retail giant Walmart Inc picked 77% stake in Flipkart and Flipkart is now valued at $22Bn. Walmart plans to use Flipkart’s expertise to expand globally and assured employees that its startup ethos will be nurtured and strengthened. “We hope we learn from you how to build an ecosystem, more about innovation and payments — we will help with sourcing, supply chain expertise,” Walmart chief executive Doug McMillon told Flipkart employees.
On Monday in first week of July,2018 small traders and shopkeepers protested against Walmart Flipkart deal. Many were worried about predatory pricing which will harm their business as we all know that now Walmart and Amazon are cash rich and ready to take on ever growing Indian market.
The deal will put Walmart against Amazon in Indian market, and it will increase the overall share of online retail. Walmart and Amazon already competing with each other in US. For Amazon India is a great market. How they have gone so far is explained in the video below. Source “The Infographics Show”.
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