flipkart

Walmart International bought a 77% stake in the India-based e-commerce shopping portal in 2018.

A report said that Walmart-owned Flipkart is close to securing $3 billion in new funding as the Indian e-commerce giant explores a possible IPO.

Flipkart is phasing out its conventional vehicles and introducing electric last-mile vehicles, which is expected to lower its carbon emissions by 50 percent.

Walmart is in talks to buy 75% of Flipkart, the largest Indian e-commerce company for $15 billion, which is set to be a game changer in the Indian e-commerce ecosystem.