It was in talks with some leading e-commerce companies in India for partnership possibilities, sources close to the development said.
Walmart, however, said the information was 'completely speculative'.
The world's largest retail company, with global revenue of $400 billion, is currently trying to strengthen its e-commerce operations in the US and other international markets, sensing competition from online competitors, including Amazon.
In recent months, Walmart has been acquiring web-related companies internationally, including in China.
The e-commerce space has turned active in India, with several serious entities in the game. Amazon has also entered but through the aggregator route, by launching jungle.com.
Amazon opted for the indirect entry due to the restrictions on foreign direct investment in the retail sector.
Explaining why a foreign retailer would be keen to join the online segment here, Saloni Nangia, president of Technopak, a retail consultancy, said e-commerce had very strong business potential here.
The factors influencing the growth of e-commerce are dearth of real estate, the average Indian consumer becoming time-deficient, exponential growth in internet connectivity, smart phones
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