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Walmart seeks foothold in India with Flipkart investment

by | 16 Feb, 2018

Another major U.S. firm is tapping into Asia’s booming e-commerce markets

Amazon be damned – Walmart is in talks to take a stake of more than 40 per cent in its key competitor in India, the e-commerce company Flipkart!

Walmart is looking at buying new and existing shares in the firm and due diligence is likely to begin as early as next week, according to reports. The move would be one of its biggest overseas deals ever, representing a direct challenge to Flipkart’s key rival in the e-commerce space.

Amazon and Flipkart are major competitors in one of the world’s fastest growing e-commerce markets (with a total internet userbase of around 450 million people). Though Flipkart was an established name in the subcontinent before Amazon started to test Indian waters, Jeff Bezos’s behemoth has effectively chewed away at their market share. With Walmart’s backing, they will have new ammunition to fight on, though the race is tight – data from August last year showed the 2 firms were matching each-other in popularity.

Amazon has already committed to investing $5 billion in India as it expands globally including into online grocery deliveries.

Related: The American oil industry is booming and that may undermine OPEC

A comparison chart showing the performance of Walmart v.s Amazon shares over the last year

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ALL RIGHTS RESERVED © INVSTR LTD. 2018

Risk Disclosure:
Invstr is a technology platform, not a registered broker-dealer or investment adviser. Invstr does not offer its own recommendations of any security or provide its own research to any user regarding any security transaction or order.
Please note, investing involves risk and investments may lose value. Past performance does not guarantee future results.
Brokerage services are provided by the following:
US-traded securities, including fractional trading, are provided to Invstr users by DriveWealth LLC, a regulated member of FINRA/SIPC. DriveWealth may not establish investment accounts to residents of certain jurisdictions. For more information, including disclaimers, risk and transaction fees click here.
India account traded securities are provided by SIC Stocks & Services PVT Ltd. SIC does not make any personal recommendations to buy, sell or otherwise deal in investments. Investors make their own investment decisions. The services and securities provided by SIC may not be suitable for all customers and, if you have any doubts, you should seek advice from an independent financial adviser. For more information and disclaimers, click here.

 

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