Walmart Takes on Amazon With $15 Billion Bid for Stake in India’s Flipkart

Agreement would be Walmart’s largest deal since 1999

Corinne Abrams,

Sarah Nassauer and

Douglas MacMillan

Updated May 4, 2018 6:43 p.m. ET

MUMBAI—Walmart Inc.’s battle with Amazon.com Inc. is heading to India.

Walmart is leading a group that will invest about $15 billion for a roughly 75% stake in Flipkart Group, India’s largest e-commerce company, according to people familiar with the matter. Google parent Alphabet Inc. is planning to invest in Flipkart as part of the deal, other people familiar with the situation said.

It...