The year was 2018. US retail giant Walmart E-Commerce Services in Chandigarh had just picked up a 77% stake in Indian e-commerce startup Flipkart for USD16 billion. Since the first day of the takeover, two clear targets were repeatedly communicated by the management: #1. Going public. #2. Expanding and developing categories beyond E-Commerce Services in Chandigarh Flipkart’s bread-and-butter segment of mobile phones and apparel. The detailed press statement announcing the acquisition on May 9, 2018.
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