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Walmart to buy 73% of Flipkart for $14.6 billion, Alphabet to contribute $3 billion
June 02, 2025
Walmart Inc. is seeking to acquire Flipkart with a 73% stake in the company, according to a report fromFactorDaily. The US retail conglomerate is tipped to spend at least $14.6 billion, and as much as $16 billion, in the cash-and-stock buyout of the Indian e-commerce company.
“Everything has been finalized… the papers have been signed by both the parties,” a source toldFactorDaily, following negotiations yesterday.
The sources indicated that Walmart had valued Flipkart at between $20 and $22 billion. Google’s parent company Alphabet Inc. is said to be participating in the deal with a $3 billion investment.
Flipkart’s CEO Kalyan Krishnamurthy, and other top-level staff, are expected to maintain their roles.
Walmart would maintain a focus on the grocery market, said the sources, suggesting that almost 50% of Walmart’s initial investment would be funneled into building a food and grocery supply chain.
According toestimates, India had 60 million online shoppers in 2016 — 14% of those with internet access in the nation. It’s anticipated that more than 50% of those with internet access will shop online by 2026.
US retailer Amazon is Flipkart’s largest online competitor in India, though Flipkart has thebiggest market share. Amazon was alsoreportedly interestedin a Flipkart buyout, which would give it control ofaround 90% of the market.
If the Walmart deal goes through, however, Amazon and Flipkart would remain competitors — which would likely be the best result for consumers.
We’ve reached out to Flipkart and Walmart on the matter and will update this article should we receive any information.
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