- Wal-Mart (WMT +0.9%) is on the hunt for a stake in Flipkart, sources tell the Financial Times.
- Flipkart is one of the e-commerce players in India large enough to take on Amazon.
- Wal-Mart's interest in the Indian online powerhouse comes only a few months after the company's acquisition of Jet.com in another strategic counterpunch against its Seattle rival.