US-based retail giant Walmart Inc on Saturday said it has completed deal with Flipkart and now holds 77 per cent stake in the Indian e-commerce major. Besides, the Bentonville giant's investment includes $2 billion of new equity funding to help accelerate the growth of the Flipkart business. «With the completion of the investment, Walmart now holds approximately 77 percent of Flipkart. The remainder of the business is held by other shareholders, including Flipkart co-founder Binny Bansal, Tencent, Tiger Global and Microsoft Corp,» a statement said today. Moving forward, Flipkart's financials will be reported as part of Walmart's International business segment, it added. the statement noted. [Our investment will benefit India by providing quality, affordable goods for customers, while creating new skilled jobs and opportunities for suppliers... we are delighted to learn from, contribute to and work with Flipkart to grow in India, one of the fastest-growing and most attractive retail markets in world,] Judith McKenna, president and CEO of Walmart International, said. Binny Bansal, Flipkart co-founder and group chief executive officer, said by combining Walmart's omni-channel retail expertise, supply-chain knowledge and financial strength with Flipkart's talent, technology and local insights, we are confident that together we can drive the next wave of retail in India}. Flipkart’s existing management team will continue to lead the business. Tencent Holdings Limited and Tiger Global Management LLC will remain represented on the Flipkart board, in addition to independent board members, and will be joined by new members from Walmart. The board will work to maintain Flipkart’s core values and entrepreneurial spirit, while ensuring it has strategic and competitive advantages. Founded in 2007, Flipkart has