Flipkart Walmart – The Relationship between Flipkart and Walmart
What is Flipkart Walmart? It’s kind of confusing right? Yes, well, it is to me, I don’t know about you. What is the relationship between these two? Flipkart and Walmart as we all know are two separate platforms. In fact, they both are online marketplaces. This means that they are supposed to be in competition right? Bringing the two names together therefore just isn’t making any sense. What if I am to tell you that there is a relationship between these two. Hope you won’t freak out? Well, yes, there is a relationship and do you want to know what the relationship is all about? If you want to know then you have to continue reading.
Flipkart is India’s very own online marketplace where people can buy and sell. It is considered by many to e India’s very own amazon. This is the biggest online retail platform in India. On this platform, users can buy and sell almost anything they want as long as it goes with the platform’s policy. Walmart, on the other hand, is the largest retail online marketplace in the world. And just like every other marketplace users can buy and sell their products.
The Relationship between Flipkart and Walmart
One of the similarities between these two platforms is that they are both online marketplaces where you can carry out the business of buying and selling. The relationship between these two platforms, on the other hand, is that Walmart owns almost 100% of the controlling stock of the Flipkart online marketplace company. On May 9, 2018, Walmart took a gamble of purchasing a 77% controlling stock on the Flipkart Company for 16 billion USD. A gamble which has well paid off.
Although the Flipkart platform is now mostly owned by Walmart, both platforms still remain separate. Since the platform has been both by the other most users expect it to be merged or something. Well, this is not the case here as both platforms still carry out their daily forms of businesses independently and separately.