Walmart Inc is in talks with Tata Group for future investment of up to $25 billion in the Indian salt-to-software group’s new “super app”, the Mint newspaper reported on Tuesday, citing people familiar with the matter.
According to current discussions between the 2 firms, the super app might be launched as a venture between Tata and Walmart, investing in the synergies between Tata’s e-commerce business and Flipkart, Walmart’s e-commerce unit, per the report.
The Walmart investment could touch $20 billion to $25 billion eventually for a large stake in the proposed super app that will be hosted under a Tata Sons unit, according to the Mint report.
The super app, that is scheduled to be launched in India in the month of December or January or can compile Tata’s client business underneath one channel giving a large vary of merchandise within the retail house, Mint said.
If the Walmart deal goes through, it will top its investment in Flipkart, for which the U.S.-based company paid $16 billion for a 66% stake.