Who earned how much from Walmart-Flipkart deal

Start-ups

SoftBank will get around $4 billion if it sells its entire 21 per cent stake in Flipkart. Walmart founder Sam Walton's grandson, Steuart Walton, is reportedly likely to join Flipkart's board of directors. Also, the deal has put SoftBank in a tight position.

Currently, both Amazon and Flipkart control a respective 35 percent of India's e-commerce market, which is estimated to be a $30 billion market today but poised to grow into a $200 billion market within the next 10 years.

Naspers: Naspers gets United States $2.2 billion.

Led by Vijay Shekhar Sharma, Paytm Mall has been quietly encroaching the Indian e-commerce market, replacing Snapdeal as the third-largest player after Flipkart and Amazon India. He has announced the finalization of the deal between Flipkart and Walmart.

Employees: The deal has lifted the total worth of Flipkart's employee stock ownership plans, including unvested shares, to USA $2 billion.

Sources said to PTI that SoftBank is yet to take a call on exiting Flipkart.

After SoftBank CEO Masayoshi Son inadvertently announced on May 9 that the Walmart-Flipkart deal was finalised, the company is now in a tight spot and is examining its options to exit as well as stay in the Indian ecommerce company.


When contacted, a SoftBank spokesperson declined to comment. "There are two-three other investors coming in but Walmart will always retain a clear majority", he said, adding that the Japanese giant had earlier agreed in writing to sell its stake and exit Flipkart altogether.

Other deciding factors would be Son's relationship with Walmart and that SoftBank likes to be a long-term investor, sources said, adding the Japanese conglomerate is very bullish on India and sees huge opportunities for growth of investment.

The agreement will effectively result in transfer of ultimate ownership in Flipkart India to Walmart.

The right to buy additional stake could become crucial in Walmart's overall scheme of things at Flipkart after SoftBank's reversal in plans.

If the company is taken public in this way, the caveat stated, it will be at a valuation no less than that paid by Walmart - $20.8 billion.

After selling its significant minority stake in Flipkart to Walmart, Japenese internet giant SoftBank has held early discussions to invest more in Paytm Mall, an online and mobile marketplace and a subsidiary of One97 Communications' Paytm brand, which also counts Chinese online commerce giant Alibaba as its investor.

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