In a recent deal, a large stake of which one of the following e-commer

In a recent deal, a large stake of which one of the following e-commerce companies was acquired by Walmart, an American multinational retailer?

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ShopClues

Flipkart

Yepme

Snapdeal

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Answer is Wrong!

This question was previously asked in

UPSC CAPF – 2018

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In May 2018, Walmart, the American multinational retail corporation, acquired a majority stake (approximately 77%) in the Indian e-commerce company Flipkart for a reported sum of USD 16 billion, making it one of the largest e-commerce deals globally at the time.

This question relates to a significant business acquisition that happened in 2018, involving a major global retailer entering the Indian e-commerce market.

ShopClues, Yepme, and Snapdeal are other e-commerce platforms operating in India, but Flipkart was the target of Walmart’s major stake acquisition in 2018.

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