Wal-Mart and Google’s parent company Alphabet are preparing to accompany the retailer to compete with Amjon outside America. Will these two companies be able to leave Amjon together?
Walmart is looking to take a big stake in Flipkart, India’s largest e-commerce company. Wal-Mart wants Google to take a stake in this deal. If this deal is finalized then it will be the biggest acquisition of e-commerce industry. Earlier, Walmart had acquired Jet.com for $ 3.3 billion in 2016.
After the partnership between Google and Wal-Mart in the US last year, Wal-Mart’s products Alphabet’s online mall began to sell on Google Express.
Walmart’s eyes are now on the growing market in India. Walmart specifically wants to keep his hold on the farm sector.
According to the estimates of the industry data of the country, consumption of India will reach up to $ 3.3 trillion by 2027. In 2016 it was $ 1.3 trillion. The retail market will also touch $ 1.8 trillion over $ 650 billion. The food and groceries sector can reach $ 1.1 trillion by 2016, up from $ 420 billion in 2012 to 2027.