The Hindu reports that Wal-Mart Stores Inc is negotiating a minority stake in Flipkart, the e-commerce retailer in India, in which it is looking to invest between $750 million and $1 billion. Flipkart has been valued at about $11.5 billion, media reported last month, citing a U.S. regulatory filing from investor VALIC, a Houston, Texas-based division of the American International Group Inc.
Both Wal-Mart in India and Flipkart declined to comment. Wal-Mart only operates wholesale stores in India, and if the deal does go through, Flipkart and Wal-Mart stand to become Amazon India’s biggest competitor.
Last updated: December 26th, 2025
