{"id":64445,"date":"2018-05-09T17:53:49","date_gmt":"2018-05-09T12:53:49","guid":{"rendered":"https:\/\/tns.world\/?p=64445"},"modified":"2018-05-09T17:53:49","modified_gmt":"2018-05-09T12:53:49","slug":"walmart-wins-battle-for-indias-flipkart","status":"publish","type":"post","link":"https:\/\/tns.world\/?p=64445","title":{"rendered":"Walmart wins battle for India’s Flipkart"},"content":{"rendered":"

 <\/p>\n

London, May 9 (TNS): <\/strong>Walmart will pay about $16bn to take control of Flipkart, India’s biggest online retailer, in a deal that puts it head to head with Amazon, British media reported.<\/p>\n

The world’s largest retailer will take a 77% stake, valuing the Indian company at more than $20bn.<\/p>\n

Flipkart has been under pressure from Amazon since it arrived in India five years ago.<\/p>\n

Amazon had been considering\u00a0making its own offer for the Indian firm, which has more than 100 million users.<\/p>\n

Walmart has been looking to expand in India for years and is flush with cash from recent US tax cuts.<\/p>\n

Founded in 2007, Flipkart has high-profile investors including Microsoft, Tencent and Softbank that will retain their stakes.<\/p>\n

The combination with Walmart could be controversial, with concerns about how a deal might affect India’s smaller retailers.<\/p>\n

Online sales in India were worth $21bn last year, according to market research firm Forrester.<\/p>\n

That total is expected to soar in coming years as more of its 1.25 billion population makes more use of the internet.<\/p>\n

Courtesy: BBC<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

  London, May 9 (TNS): Walmart will pay about $16bn to take control of Flipkart, India’s biggest online retailer, in a deal that puts it head to head with Amazon, British media reported. The world’s largest retailer will take a 77% stake, valuing the Indian company at more than $20bn. Flipkart has been under pressure […]<\/p>\n","protected":false},"author":1,"featured_media":64446,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-64445","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/64445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64445"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/64445\/revisions"}],"predecessor-version":[{"id":64447,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/64445\/revisions\/64447"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/64446"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}