Do You know? Walmart acquires Flipkart for $16 billion this is the world biggest deal in E-Commerce.
As we know that Flipkart is the Largest e-commerce website in India. This is having 80 ranks in the world. In 2007 Sachin Bansal and Binny Bansal start a Company named Flipkart. Before the Flipkart Sachin Bansal and Binny Bansal was Employee of the Amazon. but after a while, they think and they have decided to start a new E-Commerce website in India. So they first Invest 4 lakhs rupees in Flipkart. In the starting of the Flipkart, they sell the only book on their website. After some time, they get a good response from the peoples they add some more products on Flipkart. And you know every startup get the investor from all over the World. Softbank gives $2.5 dollars and Microsoft is also investing their money and purchase shares in Flipkart. And Microsoft gives free server to Flipkart. And many investors purchase shares in Flipkart now. And Walmart just Acquire 77% shares in the Flipkart and Sachin Bansal sell 5.6% shares to Walmart for $1 billion dollars.
And recently a news is on the top on social media and all the news channel and websites The Walmart is acquired Flipkart for $16 billion dollars. And this is the biggest deal in the E-Commerce. The Walmart is the Large offline Retails Market Company in the US they have the huge amount of stores in the US. So, Walmart just want to spread their Market online also after a while Walton family found Flipkart having more shares in India than an Amazon so that is why Walton family is acquired Flipkart in $16 billion dollars In the US there is competition between Amazon and Walmart so, as we know that Amazon is an Online International Shopping Portal, but Walmart is also A big shopping portal but this is just an offline. As the above, we already discuss the Founder of the Flipkart Sachin Bansal and Binny Bansal but Walton family says that we only have one Founder of Flipkart so Sachin Bansal left this company and Company gives his shares about 65000 crores rupees. All the other sites have also become the part of the Walmart like Jabong, Myntra, Paytm mall.