Walmart may invest $7 billion in Flipkart: Reports
US-based retail giant Walmart is in advanced talks to invest $7 billion in Flipkart to become the largest investor in the e-commerce major, according to reports. The deal may value the homegrown startup at about $20 billion, an increase from about $12 billion last year. Walmart will buy the stake from Tiger Global Management and Japanese conglomerate SoftBank, reports added.