Reports suggest Walmart might pick a stake in Flipkart.

This would be the biggest investment made by Walmart outside of USA. They are doing this to counter Amazon in India.

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Softbake last invested $2.5 billion. Flipkart is valued at $12 billion right now.

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Read more:

http://www.livemint.com/Industry/wojtaNxJbstU2qVTUILLeL/Walmart-in-talks-to-buy-more-than-40-of-Flipkart-report.html