Walmart confirms $16B Flipkart investment, giving it 77% in India’s e-commerce leader

Walmart, the world’s largest retailer, has finally confirmed hat it is making a $16 billion investment into Flipkart for a 77 percent share of the online retailer. Tencent, Tiger Global, Microsoft, Accel and Flipkart co-founder Binny Bansal will continue to be investors

Source: https://techcrunch.com/2018/05/09/walmart-confirms-16b-flipkart-investment-giving-it-77-in-indias-e-commerce-leader/