Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter Instagram
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Featured Startups
    • Funding News
    • CEO Interviews
    • Startup Resources
    • Inspiring Stories
    • Submit Startup
      • Pitch VCs
    • More
      • Our Team
      • Advertise
      • Write for us
      • Privacy policy
      • Startup listing
      • Steal The Deal
      • Contact
    Platform to Showcase Innovative Startups and Tech NewsPlatform to Showcase Innovative Startups and Tech News
    Home»News»Google may end up taking Minority Stake in Flipkart: Report
    News

    Google may end up taking Minority Stake in Flipkart: Report

    Girish ShettiBy Girish ShettiApril 27, 20182 Mins Read
    Facebook Twitter LinkedIn Email
    Share
    Facebook Twitter LinkedIn Email
    flipkart_Walmart_deal
    Google may buy minority stake in Flipkart.

    Adding a new and unexpected twist to the ongoing Flipkart-Walmart mega deal saga, search engine giant Google may end up taking minority stake in India’s homegrown e-commerce behemoth. Reports circulating in the media are rife about rumors that Walmart has convinced Google’s parent company Alphabet Inc. to pick up a minority stake in Flipkart.

    Google is reportedly ready to offer $1-2 Bn for the minority stake. Walmart and Google are already tied in a business partnership wherein retail giant’s products are exclusively sold on Google Express. Google Express also offers personalized voice shopping for Walmart products online. There is every possibility that this existing partnership may have helped Walmart in brining Google on board for this mega-deal.

    As per the arrangement, Walmart is mulling to pick up 85% to 86% stake in Flipkart while large part of the remaining stake will be taken over by Google. Following the deal, several of Flipkart’s existing investors like SoftBank, Tiger Global Management, Naspers, Tencent and other will have to take an exit after diluting their stake.

    As for, how will Flipkart benefit from Google’s investment. Then many experts believe that apart from fund cushion and expertise skills, Google’s investment will offer new dynamism to Flipkart, which can prove very intimidating and also overbearing for Amazon in the long run.

    Walmart-Flipkart deal may mark beginning of new era for Indian E-commerce Industry  

    Although Walmart-Flipkart deal is yet to be official, sources close to matter claim that negotiations are in final stage and that deal will be sealed in matter of few days. Regardless of when this deal materializes, it may mark a beginning of new era for the Indian e-commerce industry.

    Firstly, this high profile deal will bring together two American retail giants (Amazon and Flipkart) at the very heart of Indian e-commerce battle. Secondly, it will also mark the beginning of foreign companies’ domination in the Indian e-commerce industry. After all, following this deal, Flipkart will technically lose the proud badge of being India’s home grown e-commerce company.

    In this context, it must also be noted that India’s another homegrown e-commerce company Paytm Mall is largely foreign owned, with Chinese giant Alibaba and its subsidiary company Ant Financials holding the majority stake.

    featured Flipkart Google Walmart Walmart-Flipkart Deal
    Share. Facebook Twitter LinkedIn Email
    Girish Shetti

    Related Posts

    AI is as risky as Nuclear Weapon, top Tech Companies claim  

    May 31, 2023

    Nvidia unveils Slew of AI Products including a new Supercomputer  

    May 30, 2023

    WhatsApp planning to launch ‘screen-sharing’ feature on Video Call

    May 29, 2023

    Twitter launches new $5000 API plan for Startups  

    May 26, 2023

    Leave A Reply Cancel Reply

    Popular Post
    • Why is one Airpod louder than the other- reason and fixes Why Is One Airpod Louder Than The Other- Reason And Fixes
    • Is Real Estate Investment Trusts a Good Career Path Is Real Estate Investment Trusts a Good Career Path? [Complete Guide]
    • advertisement examples 16 Creative Product Advertisement Examples & Ad Campaigns You Must See
    • Places that hire at 15 Places that Hire at 15 Years – Top Choices for Teenagers
    • Pestel Analysis PESTEL Analysis – What it Means and its 6 Factors Explained
    Category Posts
    • how to mark all emails as read gmail How to Mark All Emails as Read in Gmail: The Ultimate Guide to Inbox Organization
    • how to appear offline on xbox How to Appear Offline on Xbox: A Comprehensive Guide
    • how to hyperlink in discord embed How to Hyperlink in Discord Embed: A Comprehensive Guide
    • how to delete videos on facebook How to Delete Videos on Facebook: A Step-by-Step Guide
    • Accessing SQL Server Database - with SQLCMD or dbForge Studio How to access SQL Server Database without Management Studio
    Our Partners
    Shopping online for Windows tablet - DHgate
    Platform to Showcase Innovative Startups and Tech News
    Facebook Twitter YouTube
    • Popular Posts
    • Advertise
    • Submit A Startup
    • Privacy policy
    • Disclaimer
    © 2023 Techpluto. Designed by Techpluto.

    Type above and press Enter to search. Press Esc to cancel.

    Catch the latest news from Startup World in your Inbox!
    [email protected]