US giant Walmart set to buy Flipkart, expand retail map - News Summed Up

US giant Walmart set to buy Flipkart, expand retail map


Analysts predict that Walmart could also leverage its logistics, supply chain and retail sourcing experience to improve Flipkart’s operations for the company to compete better against its rival Amazon India. Both Flipkart and Amazon are currently neck and neck in the Indian e-commerce market with both companies having strengths in certain segments. The deal could also see Google’s parent company Alphabet Inc picking a small stake in Flipkart. Flipkart, Walmart and Alphabet did not respond to separate queries sent by The Indian Express at the time of going to press. “Walmart has got incredible strength in almost all aspects of retail operations starting from sourcing, supply chain, private labels and, of course, core management strengths.


Source: Indian Express May 04, 2018 23:15 UTC



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