Is Wal-Mart The SoftBank Of E-Commerce Startups?

ROHIT KULKARNI | May 23, 2018

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Walmart paid $16 billion for a 77 percent majority stake in Indian e-commerce leader Flipkart, implying an exit valuation of $20.8 billion. Flipkart is not only Walmart’s largest acquisition to date but also the largest ever acquisition of a VC-backed e-commerce company in the world. Per Walmart filings, in the fiscal year ended March 31, Flipkart generated net sales of $4.6 billion, more than 50 percent higher than the previous year, on a gross merchandise value of $7.5 billion. Interestingly enough, Walmart supports Flipkart’s plan to eventually go public as a majority-owned subsidiary of the U.S. retail giant. Such a stock offering could represent the largest tech IPO for an Indian company.

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Payment Gateway

A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payments processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar.The payment gateway may be provided by a bank to its customers, but can be provided by a specialised financial service provider as a separate service, such as a payment service provider.

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