By investing in Flipkart, Walmart is aiming to increase its footprint in the e-commerce market ©Walmart inc.
By investing in Flipkart, Walmart is aiming to increase its footprint in the e-commerce market ©Walmart inc.

Walmart will back local supply chains in Flipkart deal

9 May 2018

Walmart has taken a giant step into the Indian e-commerce market by acquiring a majority stake in the country’s biggest online retailer, Flipkart.

Walmart will pay $16bn for a 77% stake in Flipkart in a move that is likely to be seen as a victory over Amazon in the race to buy into the fast-expanding Indian market.

 Want to stay up to date with the news? Sign up to our daily bulletin.

To read the rest of this article you need to sign in:
Don't have an account? Register here

JOIN CIPS

Not a CIPS member? Why not join CIPS to access a full range of benefits, including:

  • Access all areas of the CIPS Knowledge on-line library including tools and templates and Supply Management stories.
  • Enhance your network and get connected to a global community of 120,000 in 150 countries.
  • Stay in touch and up to date through member only events and branch meetings.
  • Annual subscription to Supply Management magazine.
  • 10 per cent discount on all training courses, workshops, seminars and conferences.
  • Up to 15 per cent discount on books from the CIPS book store, including course books and a range of further reading text books.

And much more. Click here to join >

LATEST
JOBS
Hounslow, Heathrow /Richmond upon Thames
Competitive salary depending on experience plus generous share award
Tails.com
Victoria House, London WC1B 4AD
£39,463 - £44,232 pa
CMA
SEARCH JOBS
CIPS Knowledge
Find out more with CIPS Knowledge:
  • best practice insights
  • guidance
  • tools and templates
GO TO CIPS KNOWLEDGE