The US e-commerce major is keen on buying Flipkart at a time when it is closing in on a $21-billion deal with US retail giant Walmart Inc.

Most jobs are in the data science and analytics team in order to push its AI-for-India programme and also counter; Flipkart had cut down its hiring drive in 2016

The world's largest retailer, Walmart Inc, is eyeing a stake of over 40% in India's e-tailing poster child, Flipkart, and is reportedly willing to shell out as much as $10 billion for it.

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To consolidate its position in the Indian online retail market and to fend off local rival Flipkart, Amazon had invested Rs 1,680 crore into its India unit in June and Rs 1,620 crore last month.

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Changing its 'merger and acquisition' (M&A) stance, Flipkart is now planning to pour in more funds in prospects which will 'directly help its business', instead of mere financial investments, as it did back in 2014-15.

The money comes as a booster shot for the homegrown startup to keep up its intense competition with American rival Uber as both firms are burning millions of dollars every day in incentives and discounts for India's USD 12 billion taxi market.

The discussion between the two companies was being driven by Snapdeal's largest shareholder, SoftBank.

After the new investment,  Flipkart will have more than USD 4 billion cash reserve which may allow the e-commerce giant to expand its consumer base by offering mega discounts through its periodic sales.

Flipkart has raised an estimated USD 2.5 billion (Rs from 16,000 crore) from Japan's SoftBank group in what is seen as the biggestever private investment in an Indian technology company.

SoftBank's new investment came through its USD100 billion technology-focused Vision Fund.

A Forrester India report mentioned that the cumulative gross sale from festive season sales of Flipkart and Amazon in 2016 was Rs 5,739 crore.

Japanese conglomerate SoftBank may invest $2 billion in India's largest ecommerce player Flipkart through its $100 billion Vision Fund in the wake of rival Snapdeal calling off the proposed merger with the etailer.

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The announcement came a day after Snapdeal called off a merger deal with Flipkart to pursue its independent path.

E-tailing giant Amazon's net profits tanked 77 per cent to $197 million (Rs 1,264 crore) in the June quarter hurt by wider losses in international operations, but said it remains committed to investing in India.

Amazon's rapid rise and marketshare gains are making the competition run helter-skelter. Amazon's rise, in fact, coincided with the fall of Snapdeal, India's third-largest marketplace in an e-tailing industry worth $16 billion.

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