Walmart to invest $2-3 billion in Flipkart: Report
Walmart, which is expected to become a majority shareholder in Flipkart, is reportedly planning to invest $2-3 billion in the homegrown e-commerce firm. After the initial investment, Walmart is planning to bring more investors over the next few years. Earlier, reports suggested Flipkart's board has approved to sell 75% of the company's stake to Walmart for approximately $15 billion.