Walmart Contemplates $25 Billion Investment in Indian "Super App"

By Sheridan Fifer

A couple years after Walmart acquired a 66% stake in Flipkart for $16 billion, the US-based retailer is considering another big investment in an Indian company. The Tata Group is developing a "super app" that will offer a massive assortment of retail goods, including groceries, consumer electronics, and fashion and lifestyle products, as well as insurance and financial services, among other things. Walmart is reportedly in talks to invest up to $25 billion in the Indian company. 

“Walmart is keen to get a strong brand backing its eCommerce business, while Tata Group wants a global name and an established player in the online space,” a source told Mint.

Read the full story at