Wal-Mart Considering Investment In Flipkart by PitchBook
Walmart (NYSE: WMT) is pondering an investment in Indian ecommerce company Flipkart, reports The Wall Street Journal. If a deal comes to pass, Walmart would gain a pathway into the huge Indian retail market, while Flipkart would secure a strong ally in its fight against Amazon (NASDAQ: AMZN)—and at the perfect time. Amazon CEO Jeff Bezos stated earlier this year that his company would funnel an additional $3 billion to its operations in India, bringing Amazon’s total investment in the nation to $5 billion.
Carlson Capital's Black Diamond Arbitrage Partners fund added 1.3% net fees in the first quarter of 2021, according to a copy of the firm's March 2021 investor update, which ValueWalk has been able to review. Q1 2021 hedge fund letters, conferences and more At the end of the quarter, merger arbitrage investments represented 89% of Read More
Founded in 2007, Flipkart sells more than 30 million products ranging from books to furniture, consumer electronics to food, and offers one-day or same-day delivery to more than 60 cities in India. The company was rumored to be valued at $15 billion with a $700 million fundraising in July 2015. Existing investors include DST Global, Sofina and Vulcan Capital.