Flipkart has not been able to process with its plans of getting into the grocery vertical and is stuck on running pilots in select cities. It has also put its M&A plans on backburner which included investing in companies such as Swiggy and BookMyShow.
Flipkart teams are now anxiously awaiting fresh orders on how to proceed with expansion.
Back in Bentonville, Walmart has been trying to raise $16 billion that it needs to buy the stake in Flipkart, as it faces rising opposition from investors, shareholders and analysts.
Who is the winner? Amazon.