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Walmart, which missed the e-commerce race in the U.S., has coughed up over $20 billion on Flipkart and PhonePe to buy the lion’s share in India’s e-commerce and payments markets. Flipkart ...
The $3.5 billion spending took place in the first six months of 2023, Walmart disclosed for the first time in an SEC filing Friday. Walmart’s ownership in Flipkart now stands at about 80%. Some ...
Flipkart was valued at $37.6 billion in a funding round in 2021, but has since internally cut its worth by about $5 billion following the split of payments startup PhonePe. Walmart, which paid $16 ...
Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an ...
Flipkart’s new tie-up with Indian logistics giant Adani Group will see the creation of a massive fulfillment center in Mumbai, a move that would expand Walmart’s horizons in India since its ...
The legal tussle between GOQii, a seller of smartwatch-type health devices, and Walmart's Flipkart unit, comes just months after India imposed stricter rules for foreign investment in e-commerce ...
Sources reveal that Walmart (WMT) is seeking an investment of up to $25 billion in Tata Group's new super app. The move is likely to help the company strengthen its e-commerce business in India.
Walmart’s PhonePe and Google Pay lead the mobile payments market in India. Together, they process over 86% of all payments on the UPI network, which handles more than 12 billion transactions ...