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Going off to high school or college? Stock up on back-to-school products during Amazon Prime Day 2023 including laptops, backpacks, dorm decor, and more
Bentonville-headquartered largest retailer of the world, Walmart, which is in direct competition with Jeff Bezos-led e-commerce giant Amazon in the US, may be looking at the fastest growing market-India-for next round of business rivalry. A news report Tuesday morning said Walmart was in early talks with India's big daddy of e-commerce, Flipkart, to pick up a minority stake in the Sachin Bansal and Binny Bansal-founded company, to give competition to Amazon in this country.While neither Walmart nor Flipkart commented on whether there was a dialogue between the two companies, a source said that it may not make much sense for the American brick and mortar major and with significant online ambition to pick a minority stake in the Bengaluru-based company at the valuation it commands. Flipkart had last estimated its own valuation at over $15 billion last year, but many of its investors have marked down the worth since then. Even after the markdowns, which are theoretical, Flipkart is valued
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