Wal-Mart

If the deal goes through, it might turn out to be the win-win situation for both the firms as Wal-Mart can also capitalize on India's largest ecommerce company's network.

The Indian unit of Wal-Mart Stores Inc, the world's largest retailer, posted its first ever sales decline after parting ways with key client Bharti Retail and halting store expansion amid an ongoing internal probe into alleged corrupt practices.

Wal-Mart is reportedly cutting workers hours following a highly-touted wage increase in April.

Wal-Mart India on Tuesday launched its online wholesale platform in the country, offering the service in Hyderabad and Lucknow.

Wal-Mart Stores Inc will launch its business-to-business e-commerce platform in the Indian cities of Lucknow and Hyderabad in the first week of July.