Walmart readies another $2.5 billion investment in India’s e-commerce and payments

Walmart is preparing to spend over $2.5 billion in India as the retailer doubles down on the opportunities it sees in India’s e-commerce and payments markets even as the firm contends with rising costs amid the market downturns.
Walmart spent about $780 million earlier this month to the Indian tax authorities after PhonePe, in which the retailer owns a majority stake, moved its domicile to India from Singapore. Walmart is also looking to invest between $200 million to $300 million in PhonePe’s ongoing funding round, according to a source familiar with the matter. (PhonePe declined to com

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