• Walmart's record-setting Flipkart acquisition contained a hidden gem that could be worth up to $10 billion

    6 days ago - By Business Insider

    Walmart purchased Flipkart in 2018 for $16 billion as a way to break into the growing Indian e-commerce market. It marked the biggest acquisition in the retailer's history.
    Flipkart is planning to spin off its digital payments platform, PhonePe Pvt Ltd., into a separate entity.
    The stand-alone company is exploring a $1 billion capital raise at a valuation that could reach $10 billion, according to a Bloomberg report .
    Visit the Markets Insider homepage for more stories .
    When Walmart dropped $16 billion on Indian e-commerce giant Flipkart last year in its biggest-ever acquisition, it...
    Read more ...

     

  • Walmart's record-setting Flipkart acquisition contained a hidden gem that could be worth up to $10 billion

    Walmart's record-setting Flipkart acquisition contained a hidden gem that could be worth up to $10 billion

    6 days ago - By Business Insider

    Walmart purchased Flipkart in 2018 for $16 billion as a way to break into the growing Indian e-commerce market. It marked the biggest acquisition in the retailer's history.
    Flipkart is planning to spin off its digital payments platform, PhonePe Pvt Ltd., into a separate entity.
    The stand-alone company is exploring a $1 billion capital raise at a valuation that could reach $10 billion, according to a Bloomberg report .
    Visit the Markets Insider homepage for more stories .
    When Walmart dropped $16 billion on Indian e-commerce giant Flipkart last year in its biggest-ever acquisition, it...
    Read more ...