Walmart, the global e-commerce and brick-and-mortar giant, has acquired Tiger Global’s remaining shares of Flipkart, solidifying its control over the Indian e-commerce behemoth. The transaction, valued at $1.4 billion, values Flipkart at $35 billion, a markdown from previous rounds. The move improves Walmart’s exposure to the rapidly growing global digital-consumer market and further strengthens its presence in the Indian e-commerce landscape.
Walmart Pays $1.4 Billion to Boost Flipkart Stake
