TECHNOLOGY

Amazon reportedly may make bid for Indian e-commerce giant

BY CSA Staff

Amazon may end up doing battle with Walmart over India’s e-commerce giant.

The online giant may make an offer to buy Flipkart, according to a report by India’s livemint.com. Flipkart and Walmart are already in advanced discussions for the U.S. discounter to buy a 55% stake in Flipkart. Amazon, however, has held its own exploratory discussions to buy the company, the report said.

Launched in 2007, Flipkart has, so far, raised more than $6 billion. Apart from its namesake platform, Flipkart owns fashion businesses Myntra and Jabong, eBay India and mobile payments firm PhonePe, the mint reported.

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