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[$$] India’s ecommerce companies face Walmart and Amazon onslaught

Simon Mundy in Mumbai

, it was easily the world’s biggest ecommerce buyout — a powerful sign of how India’s digital sector is capturing the attention of some of the largest global companies. “India is one of the most attractive retail markets in the world,” the Walmart chief executive Doug McMillon said at the time, promising to help Flipkart, an online marketplace, “transform” an ecommerce sector that is far smaller than those in China or the US. For India’s legion of ecommerce entrepreneurs, the deal raised two questions.