You are here

What Walmart-Flipkart deal could mean for e-commerce in India

Policy direction for domestic e-commerce regulations could change. Will the dominance of online retail by foreign companies be liberalised or curtailed? Watch this space.

Flipkart (above, its online services HQ in Bengaluru) started out in 2008, selling just books. Its buyout by Walmart gives the US retail giant access to more than a million of its customers and casts Walmart as a key player in India's e-commerce.

THE world witnessed its biggest e-commerce deal when the American retail giant, Walmart, announced the acquisition of a 77 per cent stake in Flipkart, India's major online retail platform. The acquisition, at a value of US$16 billion, is reportedly the largest buyout by Walmart in online retail...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to