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28.09.2016 22:47:03

Walmart Looking To Invest In FlipKart Startup

(RTTNews) - Wal-Mart Stores Inc. (WMT) is reportedly in talks to buy a small stake in Flipkart, which is one of the largest e-commerce startup in India.

According to reports, Walmart is looking to invest about $750 million to $1 billion in Flipkart, however, the final figure would be based on talks about the Indian company's overall valuation.

By acquiring a stake in Flipkart, Wal-Mart would be able to enter he Indian market, which is the third-largest economy in Asia. India has been one of the markets where the retail giant has not been able to put its stamp on.

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