Bentonville, AR-based Walmart has acquired a 77% stake in Bangalore-based e-commerce company Flipkart for $16 billion. Walmart and Flipkart will remain separate brands with the goal of transitioning Flipkart to a publicly-listed, majority-owned subsidiary in the future.
“India is one of the most attractive retail markets in the world, given its size and growth rate, and our investment is an opportunity to partner with the company that is leading transformation of e-commerce in the market,” Walmart CEO Doug McMillon said.
Founded in 2007, Flipkart’s investors include Japan’s Softbank, which will sell its stake for $4 billion — a profit of $1.5 billion. E-commerce in India will now be dominated by two American players — Amazon and Walmart. Online sales in India were worth $21 billion last year and are expected to soar as more of the country’s 1.25 billion population gets online.
Last updated: December 26th, 2025
