Walmart in talks to invest up to US$1b in Flipkart

Bengaluru

WAL-MART Stores Inc is in advanced discussions to invest as much as US$1 billion into India's Flipkart Online Services Pvt, as the two companies battle Amazon.com Inc in e-commerce, according to a person familiar with the matter.

Walmart, the world's largest retailer, would take a minority stake in Flipkart, the person said, asking not to be identified because the matter is private.