bizztor

Flipkart Approves 75% share to Walmart at $20 Billion Valuation

Flipkart ( India’s Largest E-commerce company ) board has approved to sell 75% of the stack to Walmart in a $15 billion deal as per reported by Bloomberg, citing unnamed sources.

With this deal, Flipkart will be valued at $20 billion, which is quite higher than the company valuation at $12 year. 

Bloomberg also reported that Major shareholder, Softbank will sell it’s 20% stack in the company. It will be $4 billion exit to Softbank in Flipkart as the company invested $2.5 billion through it’s vision fund.

Google parent company alphabet can take part in the deal along with Walmart. A final close of the deal is expected within 10 days, although deal terms could still change and a deal isn’t certain, Bloomberg reported.

Earlier, it is reported that Sachin Bansal, Founder & Executive chairman of Flipkart may exit the company after Walmart deal. The exit of the founders cannot be decided until the deal is completely done but Walmart had said that it wants both Sachin and  CEO Kalyan Krishnamurthy who have been actively running the day-to-day operations. 

Get SEO Insights from Experts

We curate top 10 SEO resources every week and share it with our community. Join our Weekly Newsletter to boost your organic traffic.  

COLLABORATION

Let's Discuss
to create the best
digital
solutions.

We’re a team of creatives people who are excited about unique ideas and help SMEs and Startups with their digital growth.

India Office:

Level 12, Building 8C,
Cybercity, Gurugram.
India – 122002

Email: [email protected]
Call: +91 7027030024
Ireland Office:

The Crescent Building,
Block B, Dublin,
D09 C6X8

Email: [email protected]
Call: +353 89 444 6579
Work inquiries

Interested in working with us?

Email:
[email protected]
Copyright ©2020 Bizztor. All Rights Reserved. Bizztor is a trademarks of Bizztor Media Private Limited.
Sidebar Scroll To Top

HEY YOU, SIGN UP AND CONNECT TO WOODMART!

Be the first to learn about our latest trends and get exclusive offers

Will be used in accordance with our Privacy Policy