The company announced over the weekend that it has completed its investment in Flipkart, making Walmart the largest shareholder in India’s e-commerce giant. The deal was originally revealed in May by Masayoshi Son, the CEO of Japan’s SoftBank, which through its Vision Fund invested $2.5 billion in Flipkart. Walmart now owns 77% of Flipkart and with it now has a massive retail foothold in one of the largest retail markets on the planet with more than 1.3 billion people.
collections
NewsletterCurrent IssueRecommender
The apps, books, movies, music, TV shows, and art are inspiring our some of the most creative people in business this month
Strong Female Lead
The struggles and triumphs of prominent women in leadership positions
Productivity
Productivity tips and hacks
Platform Wars
The major tech ecosystems that battle for our attention and dollars
Tech Forecast
What’s next for hardware, software, and services
Most Innovative Companies
Our annual guide to the businesses that matter the most
Most Creative People
Leaders who are shaping the future of business in creative ways
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system
Innovation By Design
Celebrating the best ideas in business
FastCo.Works Studio
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens