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Spirethoughts

Spire's six most recent Spirethoughts.

Drones are delivering medicine in Africa
Nigeria has entered the AFCFTA African free trade agreement, increasin...
IT investments to pour into India’s healthcare sector
The European Union-Vietnam Free Trade Agreement (EVFTA) is set to open...
Deploying Industry 4.0 technology to mitigate climate change
Deploying Industry 4.0 technology to mitigate climate change
Will cost-effective compost rejuvenate African agriculture
Will compost turn out to be the magic mineral for African agriculture?

Walmart nails deal with Flipkart

In the e-commerce sector’s biggest deal yet, retail giant Walmart paid USD16 billion to acquire a 77% stake in Flipkart – one of India’s most successful e-tailers.

With India’s e-commerce sector set to grow four times by 2023, Walmart is looking at supporting Flipkart’s ambition to become a publicly-listed subsidiary in the future.

However, the revenue growth rate for Flipkart in 2016-17 was only 29%, a far cry from the 50% growth rate of the previous year.

Will Walmart’s deal with Flipkart create an Indian Taobao?


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Nidhi Singh
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Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

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