Walmart Can Invest Rs 2 Lakh Crore In Tata’s SuperApp For Ecommerce: Find Out Why?
Online retail industry in India is all set to take a experience a major twist.
World’s biggest retailer: Walmart is about to invest upto $25 billion or Rs 2 lakh crore into Tata Group’s new superapp.
Interestingly, Walmart is also in talks with Reliance to invest in their retail front: Jio.
Walmart already owns Flipkart, which along with Amazon are dominating Indian ecommerce.
Walmart May Invest Upto $25 Billion In Tata Group
Tata Group is reportedly creating a superapp for India, which will be an amalgamation of ecommerce, digital services and more.
As per reports coming in, Walmart can invest upto $25 billion or Rs 2 lakh crore into this superapp, and acquire a stake in this mega venture.
An unnamed person close to the development said, “Tata group is in talks with Walmart for a deal entailing a strategic investment by Walmart in the super app platform business. The Walmart investment could touch $20-25 billion eventually for a large stake in the proposed super app to be hosted under a Tata Sons subsidiary,”
In case this deal materializes, then it will be India’s biggest retail deal, even beating Walmart’s acquisition of Flipkart for $16 billion.
How WIll This Help Walmart?
Tata’s new superapp has an ambitious plan to offer all of Tata’s products and services, under one roof.
As we reported earlier, this superapp from Tata can have services and products like:
Food and grocery ordering
Fashion and lifestyle
Insurance and financial services
Bill payments like mobile, DTH, Gas, and more
In case Walmart does invests into this superapp, they can converge Flipkart’s offerings into the same, and then together with Tata, offer a massive platform to the users.
Besides, Flipkart can get the label and tag of Tata Group, which can be a huge branding push, and will give an edge to them, compared to Amazon.
More details are awaited on this.