is betting big on Indian e-commerce giant Flipkart’s expansion ahead of a possible U.S. public listing next year. Success would give the U.S. retailer’s global footprint—and e-commerce chops—a big shot in the arm. Failure could see it fall further behind
Last week, Walmart International Chief Executive
Judith McKenna
said Flipkart has lived up to expectations since Walmart invested $16 billion four years ago, and the company remains supportive of its IPO plans. Walmart owns three-quarters of Flipkart, which was valued $37.6 billion after its fundraising round last July. Flipkart, which also counts Tiger Global and SoftBank as investors, is Walmart’s most promising bet…
