Walmart In-Talks With Tata To Invest Up To $25 Million To Launch ‘Super App’

Walmart is in talks with Tata to invest up to $25 million. This large stake will be bought by Walmart in Tata’s proposed ‘Super App’. This Super App could result in a joint venture between salt to software conglomerate and Walmart, which aims to create a digital services giant offering a wide range of products in the retail space.

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Tata’s various consumer businesses offering grocery, healthcare, food, financial and insurance, clothing, education, fashion, and other services would be brought under the common channel of this Super App. This app is most likely to launch in January or December in India.

According to LiveMint’s report, the valuation of this ‘Super App’ can reach around $50-$60 billion, and Walmart’s investment around $20-$25 billion.

“The super app may include Flipkart’s offerings from Walmart and the entire retail product franchise accommodated by the Tata group on one platform for retail customers. And on the other hand, Flipkart could get to be powered by Tata,” Livemint reported.

It can be the largest deal ever in retail space in India, surpassing Walmart’s earlier purchase of a 66% stake for $16 billion in Flipkart in May 2018, if it is productive.

Moreover, Tata has the largest franchise of its own branded product sold to retail consumers which include, Croma, Tata Sky, TataCliq and StarQuick.

Tata Consumer Products
Tata Consumer Products | Image Source

Coffee, tea, salt, water, lentils, spices, ready to eat items, sweetener, and much more are sold as Tata Consumer Products.

Croma which is a retail chain of 500+ branded electronic products, Tata Ceramics, Tata Swach are other Tata’s consumer retail businesses.

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Deeptanshu Panthi
Deeptanshu Panthi is the founder of IndiaBhasha.com. He looks after the content production of this website. He also occasionally writes for this website on various topics of Business and India.
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