Flipkart-Walmart Deal and What It Means for the Indian Online Retail Sector

Global retail giant Walmart recently acquired 77% stake in Indian e-commerce leader Flipkart for US$16 Bn, making it the world’s largest e-commerce acquisition ever. Despite entering India way back in 2007, Walmart till now, operated only 21 stores catering to B2B segment across the country. It has been almost a decade that the company is finding it difficult to expand its retail operations due to country’s restrictive foreign direct investment policy (FDI) for retail operations. The acquisition will provide Walmart with the much-needed opportunity to expand its service offerings across India. The Walmart-Flipkart deal is likely to have far-reaching consequences…