Flipkart won't become Walkart: Walmart CEO after acquisition
After acquiring 77% stake in Flipkart, Walmart's CEO Doug McMillon has said the homegrown startup's name won't be changed to Walkart. Commenting on the deal value, McMillon said he is confident Walmart is paying the appropriate value for the business based on its potential. He had told Flipkart employees that the deal was among the best decisions Walmart has made.