In a recent deal, a large stake of which one of the following e-commerce companies was acquired by Walmart, an American multinational retailer?
[amp_mcq option1=”ShopClues” option2=”Flipkart” option3=”Yepme” option4=”Snapdeal” correct=”option2″]
This question was previously asked in
UPSC CAPF – 2018
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.