Walmart may still end up buying a large stake in Flipkart at a price that could peg the e-commerce firm’s valuation at $20-23 billion. New Delhi/Bengaluru: American retailer Walmart Inc. may end up taking a large stake in Flipkart Ltd at a price that could value India’s largest e-commerce firm between $20 billion and $23 billion, said three people close to the development. If it goes through, the deal will pit Walmart against Amazon in India, mirroring the fight between the two companies in the US. Read Also : Cyril Ramaphosa Will Be The New South African President. Walmart has expressed an interest in buying Flipkart but a buyout is unlikely to go through as a key Flipkart investor SoftBank Group Corp. is opposed to a sale, the three people added on condition of anonymity. “SoftBank is not willing to cash out this early as they see themselves as a long-term investor in Flipkart,” said one of the three people mentioned above. Read Also : Have you ever face...
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