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Amazon might offer to buy India’s Flipkart

Amazon might offer to buy India’s Flipkart
[Image: courtesy of Amazon]

And if so, it would make Walmart very, very angry. That’s because Walmart is currently in talks with Flipkart, one of India’s biggest e-commerce giants, to buy a 40% stake in it. But now Reuters reports that Amazon has also held early exploratory talks to buy a stake in Flipkart. However, a source told Reuters that the probability of Amazon actually entering into a deal to buy part or all of Flipkart was low, as doing so would likely spark monopoly concerns in India. If Walmart does manage to buy a stake in the company it would give the brick-and-mortar retailer a huge leg up in India’s e-commerce market. That market is said to be worth $200 billion in the next 10 years.

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