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#NYCtech Week in Review: 8/6/23 – 8/12/23 – AlleyWatch
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The AlleyWatch Startup Daily Funding Report: 8/11/2023 – AlleyWatch
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According to recent reports in the e-commerce sector, Walmart, the American retailing giant, is increasing its ownership stake in the Indian e-commerce company Flipkart. This move is being achieved by acquiring shareholdings from Tiger Global Management for $1.4 billion. By purchasing a 4% stake from Tiger Global, Walmart has raised its total shareholding in Flipkart from 72% to 76%. In 2018, Walmart initially acquired a 77% stake in Flipkart for $16 billion, and as of last year, it held a
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