It seems a large part of its Flipkart investment is already being considered a write-off by investors. On a call with analysts, Walmart’s investors were peppered with questions about Flipkart’s losses and how long the company expects them to continue. Of the $16 billion investment, $2 billion will find its way into Flipkart to help its growth plans, said Walmart. Things have clearly turned around for Flipkart’s investors. Just a little over a year ago, a fund managed by Morgan Stanley had marked down its investment in Flipkart to $5.5 billion.

Source: Mint May 10, 2018 03:16 UTC