Amazon India worth Walmart's $16 bn investment in Flipkart
According to Citi Research, Amazon India is currently worth $16 billion, which is the same amount that Walmart is investing in Flipkart in exchange for a 77% stake in the company. The report further claims that Amazon has 30% market share, same as local competitor Flipkart, and is also expected to reach $11 billion in revenue by 2027.