Flipkart, founded in 2007 by Sachin Bansal and Binny Bansal (no relation), is India's biggest e-commerce company and has had high-profile investors including Microsoft, Tencent and Softbank.

Founded in 2007, Flipkart has high-profile investors including Japan's Softbank, which will sell its stake for $4bn - a profit of $1.5bn. The combination with Walmart could be controversial ...

The three companies have not commented on the report. Flipkart, which launched in 2007, won backing last year from big names in technology including Tencent and Microsoft. Their investments valued ...