Soft bank CEO Masayoshi Son has confirmed Flipkart-Walmart deal.
US-based retail gaint Walmart has closed the largest e-commerce deal in the world by acquiring a majority stake in the Indian e-commerce platform Flipkart.
According to reports, Walmart will acquire 71% stake in Flipkart for $15 billion gearing up the homegrown startup valuation at around $20 billion.
Earlier in 2017 SoftBank invested $2.5 billion in Flipkart whose value now is estimated to be $4 billion.
