Walmart, Flipkart may gang up on Amazon

Walmart, Flipkart may gang up on Amazon

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The world’s biggest retailer Walmart Stores Inc is exploring an equity partnership with Flipkart to take on common rival Amazon in India, two persons directly aware of the development said. The companies are engaged in early talks and a meeting is scheduled this week that will include discussions on Walmart picking up a minority stake in India’s largest ecommerce company, the persons said.

One of the persons said Walmart is likely to discuss a “strategic deal” with Flipkart similar ..

Read more at:
http://economictimes.indiatimes.com/articleshow...

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