Amazon puts in bid for Flipkart

It's now a race between Amazon and Walmart to see who will get to claim the coveted prize of Flipkart. As FashionUnited reported last month, Walmart seemed to be on its way to closing a deal to take a majority stake in Flipkart. Walmart seemed better poised to buy Flipkart because the transaction would've been speedier. However, Amazon couldn't let its biggest rival win so easily. The company has put in a bid to acquire 60 percent stake in Flipkart according to CNBC-TV18.