Despite Issues, Walmart Exiting Flipkart Would Be Problematic
It’s been less than a year since Bentonville-based Walmart announced it acquired a majority stake in India’s largest e-commerce company Flipkart. But not everyone predicts smooth sailing.
Morgan Stanley reportedly says in a note that Walmart may consider exiting Flipkart, citing Amazon’s decision to exit China after struggling to meet local policies. But it wouldn’t be an easy choice.
Under such circumstances, even if Walmart was to look for an exit, it won’t find any investor willing to pay back even the amount that has already been invested in Flipkart, a Mumbai-based investment banker told Quartz, requesting anonymity.
Read more at Quartz India.