Homegrown e-commerce marketplace Flipkart could get a big boost in the upcoming online grocery space as well as gain access to the offline retail market in India if a proposed deal with US retail giant Walmart goes through.
Walmart was in the final stages of closing a deal to acquire 15-20 per cent stake in Flipkart, reported The Economic Times. The report did not mention the valuation at which Walmart would buy Flipkart shares, but it did mention that the transaction could include primary and secondary share sales.
The deal comes at a time when Flipkart is looking to heavily
