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How has the Walmart-Flipkart deal been beneficial for the end user?
It's official now! Yes, finally it has been decided that the biggest retail company in the world Walmart will own the biggest e-commerce company in India, Flipkart. The American firm will have the 77% share in Flipkart in 160 Million dollars. Flipkart's valuation in the deal has been rated 20.8 billion dollars which makes it biggest ever deal in e-commerce. The rest of the 23% holding will be owned by Co-founder Binny Bansal, Tencent Holdings, Tiger Global Management and Microsoft. Executive Chairman Sachin Bansal will sell out his 5.5% share and for that, he will get ₹ 6,700 crores.
Here are benefits that we get from this deal −
- There will be more products at low prices.
- Boost employment in the form of supply chain and direct recruitment.
- The chances of import will be more for Indians.
- Local sourcing will benefit farmers.
- The competition will drive more investment in agriculture and infrastructure.
Updated on: 29-Apr-2022
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