Walmart Inc. WMT continues to strengthen its market leadership through a powerful omnichannel strategy that combines its vast store footprint with growing digital capabilities. By investing in ...

Walmart's stock is down 13% on slower-than-expected online sales growth for the last three months of 2017. Investors also gave a $16 billion deal for Indian online retailer Flipkart an icy response.

Walmart upped its stake in Flipkart in July 2020, valuing the Indian e-commerce platform at $24.9 billion. Flipkart’s $3.6 billion raise in July 2021 lifted its value to $37.6 billion.

Flipkart India Pvt., the e-commerce giant owned by Walmart Inc., is using social videos and livestreams to convert young consumers spending a lot of time on their smartphones into loyal customers.

Walmart’s interest in investing in Flipkart was first reported in 2016, and the deal boosts its firepower in a battle with Amazon in a country of 1.3 billion people.

Of this $15 billion, Amazon has earmarked $12.7 billion for its cloud business. In an earnings call last month, Walmart said PhonePe and Flipkart are continuing to demonstrate impressive growth.

Flipkart, in which U.S. retail behemoth Walmart holds a more than 80% stake, applied for the licence in 2022, according to the central bank’s approval letter.

Walmart Inc. recently paid $1.4 billion to buy out the shares of Flipkart held by another large investor, increasing its control over the Indian e-commerce company.

In the first quarter of fiscal 2026, Walmart reported a 22% increase in global e-commerce sales. The growth comes on the back of its robust omnichannel strategy, which blends the strengths of its ...

Walmart Inc. recently paid $1.4 billion to buy out the shares of Flipkart held by another large investor, increasing its control over the Indian e-commerce company.