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One lakh crore profit to Flipkart

Published on: Thu May 10, 2018 10:38AM

Imagine a company that was started with 4 lakhs has grabbed a deal of one lakh crore rupees. Astounding, but true! Indian retail giant Flipkart has received an amount of one lakh crore in return to 77% of it’s stake. The global capitalist Walmart has paid the said amount to set its foot in India. Though the stake is high, Walmart has paid such huge amount to compete with Amazon which is another player in Indian retail market. Flipkart which was started in 2011 on a humble mode is now the biggest online website in India.