Walmart acquires men's wear company Bonobos for â¹2,000 crore
US multinational corporation Walmart announced on Friday that it has acquired men's clothing brand Bonobos. Walmart is paying $310 million (nearly â¹2,000 crore) in cash for the deal, slightly more than Bonobos' $300 million (â¹1,930 crore) valuation when it raised $55 million in 2014. Bonobos started by selling online but has since expanded and opened several brick-and-mortar showrooms.