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Why Walmart Wants to Launch a Streaming Service for Flipkart

Puneet Sikka

In August, Walmart (WMT) completed its acquisition of a 77% stake in India’s Flipkart for a valuation of $16 billion. Currently, Flipkart, Amazon (AMZN), and Paytm Mall are the three prominent players in this market. Amazon has committed to investing $5 billion in the Indian e-commerce market.