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Why are Walmart and Amazon desperate to buy Flipkart?

Itika Sharma Punit
Why are Walmart and Amazon desperate to buy Flipkart?

The Indian e-commerce sector seems to have turned into a battleground for two American giants. Over the recent weeks, several news reports have suggested that retail major Walmart and e-commerce behemoth Amazon are in the fray to acquire a majority stake in Bengaluru-based Flipkart. Currently, Japan’s Softbank is the largest investor in the company. Last…