Walmart in talks with Tata Group for an investment of up to $25 billion

02:30:00 PM, Tuesday 29th of September 2020 | in business

According to some reports, Walmart Inc may invest $25 billion in the Tata group's new "super app". The two companies are in talks for an investment plan. If the two companies strike a successful deal, Tata's Super App could be launched as a joint venture between Tata and Walmart. This comes as Mukesh Ambani-owned Reliance raised over $20 billion from investors including Facebook, Alphabet's Google, KKR & Co.