Walmart takes over India’s Flipkart

Wednesday, 9 May 2018 16:00

Walmart has taken control of India’s biggest online retailer.

Flipkart has more than 100 million users and has been bought for around $16bn. Walmart, the worlds largest retailer, will take a 77% stake - valuing the Indian company at more than $20bn.

Flipkart has been under pressure from Amazon since it arrived in India five years ago. It is understood Amazon had been considering making its own offer for the Indian firm.

Online sales are expected to soar in India in coming years as more of its 1.25 billion population make more use of the internet.

Listener Club

Get more with the Listener Club!

Alim OnAir

Have you a question about the religious, cultural or tradition aspect of Islam? Then join Hazrat Maulana Fazal Dad in the weekly show every Friday between 8-9pm.
Remix Saturdays

Every Saturday evening we turn to remixes of hit songs to get you in the Saturday night party mood! Every Saturday between 5pm - 8pm
The Golden Era

The golden era of Bollywood celebrated in this weekly show full of classics taking you back in time. Every Sunday between 5pm - 7pm
Bhangra Nights

Get over the Weekday blues - Every Tuesday night is party night with the best Bhangra and Urban Asian Beats. The Bhangra Show every Tuesday between 8pm-11pm