India’s largest eCommerce website Flipkart sold for 16 Billion United state dollars. The Company is sold to Walmart and sold by sachin bansal the founder and CEO of flipkart. The walmart is biggest retail store company in united states with high number of customers.
Walmart have a larger number of shopping stores in United States. The walmart don’t have any eCommerce website to sell products online they have only have one option to sell product offline with the available stores in united states. So they have purchased Flipkart on 16 billion USD that is approximate 11k crore Indian Rupees. This is the biggest startup deal in industry.