Watch: Walmart Closing In on Acquisition of India’s Largest Online Retailer

+ more

Walmart is nearing a deal to acquire a majority stake in ‘Flipkart’, India’s largest online retailer. Only about 2 percent of India’s retail sales are done online today, but with a population of almost 1.5 billion, Walmart is trying to get ahead of an e-commerce boom. Flipkart was founded in 2007 as an online bookstore, but much like Amazon, now sells a diverse array of products across many categories.

Amazon has spent a reported $5.5 billion in India and this move appears to be a counter move by its primary rival, Walmart. A study conducted by Deloitte predicts the size of the e-commerce market in India will eclipse $50 billion in 2018.

Latest

How Condiment Supply Chain Shortages Make Or Break A Restaurant’s Flavor Profile
April 19, 2021
Condiments, sauces, and spices significantly impact the flavor profile of a meal. But, with recent issues in the supply chain, restaurants are facing a ketchup shortage. This requires ketchup manufacturers to Read more
The New Tenets of High-Performance Building Design
April 19, 2021
James Forkan is a structural engineer and member of Building Design Experts, and he shared his thoughts on high-performance building design. "So, I think high-performance building design can be Read more
How to Build an Adaptable Workplace Culture
April 19, 2021