Flipkart is losing to Amazon.in right now. I think that Softbank is smartly offloading a possible loser to Walmart/Google here at close to peak valuation. Maybe Google/Walmart can turn it around though.
From anecdotal evidence, Amazon seems to be more popular among younger crowds in big cities who are likely to spend more and often
https://economictimes.indiatimes.com/small-biz/startups/batt...
see the detailed reviews on a handful of products and see the prices. General Amazon wins.
they may have PhonePe but is that a winner? PayTM dominates.
Can Flipkart succeed? maybe but 2 years from now if they didn't have this buyout I think they would have be a for sure in 2nd place. FK needed Walmart as much as Walmart thinks it needs FK.