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Walmart’s Gamble Paying Off? Flipkart Files Financial Statement, Posts $6 Billion In Annual Revenue
Walmart and Flipkart (File Photos)
World's retail giant Walmart's Indian e-tailer arm Flipkart posted $6-billion (Rs 42,600 crore) revenue, business intelligence platform paper.vc said on Friday (1 November).
"The Singapore holding company of Indian e-commerce platform Flipkart filed its annual financial statement on Thursday.
"The financials reveal how the e-tailer has performed after Walmart acquired 77 per cent of its equity stake in August 2018 for $16 billion (Rs 1,07,662 crore)," Chennai-based financial data platform paper.vc told IANS in an e-mail statement.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
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