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By buying stake in Flipkart, Walmart wants to achieve these 3 lofty targets

Walmart, the world’s biggest retail chain, has set three clear targets while trying to pick a controlling stake in Bengaluru-based Flipkart, sources aware of the developments said. Through Flipkart, the American major is looking for the first real entry into the promising Indian retail market after having dabbled in cash-and-carry or business-to-business (B2B) operations for about a decade. Also, it plans to take the Flipkart model to the US to pep up its e-commerce business, which has disappointed investors.

News Source:- http://www.business-standard.com/article/companies/by-buying-stake-in-flipkart-walmart-wants-to-achieve-these-3-lofty-targets-118041500585_1.html