According to recent reports, Walmart and Alphabet are seen joining forces once again as they seek to take on Amazon’s growing retail clout, this time in a market outside the US.
Walmart’s acquisition plan for Flipkart will likely involve Google’s parent Alphabet taking a minority stake in India’s largest e-commerce company, says a business newspaper report. Alphabet will probably invest $1-2 billion after the Walmart acquisition, expected to be announced shortly, they added.
Google has been exploring India’s retail market with pop-up outlets in various malls to showcase Pixel smartphones. There has been a report earlier this month that Google had drawn up an India-focused strategy to roll out products including smart speakers, premium laptop Pixelbook, intelligent home automation products and is even planning a midrange smartphone especially for markets such as India.