Two years ago, a separate report noted that Flipkart declined an offer from Amazon to acquire 51% to 55% of its company, noting the price was too low.
Presently, Walmart is planning to acquire majority stake in Flipkart and it has already offered to buy the shares of major stakeholders of the company, including that of SoftBank.
The $255 billion USA retailer was close to wrapping up a deal with Flipkart, valuing it at up to $19 billion, Reuters reported on April 12.
- Amazon told Reuters it does not comment on rumours and speculation.
Flipkart and Amazon India did not reply to email queries.
For Amazon, throwing its hat in the ring could be as much about derailing Walmart's efforts as it would be about defending its 27 percent market share in India, consultants and investors said. Amazon was not immediately available for comment when contacted by CNBC.
But Flipkart presents a massive business opportunity and that seems to be driving up valuations, aided by the fact that Walmart has also been stalking the company. According to reports, Amazon Inc has formally made the offer.
Discussions between India's largest e-commerce firm and Walmart have entered the final stage. As per experts, Softbank was the only investor in Flipkart that had depicted an interest in Amazon's major stake acquisition in the firm.
The world's largest online retailer has been pouring billions of dollars into India to ship goods to shoppers faster, contributing to growing losses internationally.
The American brickand-mortar retailer, Walmart, is seeking a route to a majority in one of Indias largest online marketplaces, valuing it at around $20 billion.
"We have been deliberate and thoughtful, we were not slow to respond", she said.