Amazon interested to buy Flipkart shares, Flipkart says “No”
A new report reveals that Amazon are interested to buy Flipkart. Amazon & Flipkart are the biggest rivals in the Indian market.
However Flipkart does not seem to be interested in the offer & is reportedly keen to partner with Walmart that will make the US retail giant have 55% of the shares of Flipkart.
Walmart is in talks with Flipkart over the same as they want to enter the Indian market & compete with Amazon.
Flipkart is Amazon’s biggest competitor in the Indian market so Amazon’s interest in buying shares of Flipkart does not come as a shock. However Amazon & Walmart are not the only one, Google too has shown their interest in buying shares of Flipkart.
Flipkart was founded by former Amazon employees Sachin & Binny Bansal.