Wal-Mart might be investing $1B into a foreign company you've never heard of

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There's no doubt that the online retail market is the place to make a profit these days.

The online retail space is highly competitive even for companies that thrive in the brick-and-mortar realm – especially for discount retailers.

SEE ALSO: Wal-Mart pays quarterly bonuses to more store employees

Wal-Mart is no exception.

In fact, the company might be making a very unlikely, yet major move in order to secure their spot as a top destination in the world of e-commerce.

What better way to do it then to go international?

Reportedly, the retailer is in talks to buy a piece of India's most prominent e-commerce firm, Flipkart, in attempts to make a dent in the world of online shopping.

Wal-Mart currently operates 21 wholesale stores in the country, but has had trouble trying to open retail storefronts due to India's complicated laws that limit foreign ownership and franchising.

The potential partnership with Flipkart could point to the possibility of an attempt to overthrow Amazon as a top destination for online discount shopping.

Wal-mart is said to be considering investing anywhere from $750M to $1B into Flipkart.

We wonder if that hefty price tag comes with free shipping!

RELATED: Don't buy these 9 items at Wal-Mart

Don't buy these 9 items at Wal-Mart
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Don't buy these 9 items at Wal-Mart

1. Gift cards: Walmart has a decent selection of gift cards for retailers and restaurants. But instead of purchasing a gift card for full price at Walmart, why not check out discount gift card seller CardPool, where you can save up to 35 percent off face value.

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2. Entertainment: If you're looking for cheap books, you're typically better off shopping online. Amazon offers some of the lowest prices on books. If you're looking for tunes, steer clear of the CD aisle at the retail superstore and consider signing up for a music streaming service like Spotify Premium or Apple Music, which both cost less than $10 a month.

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3. Kids' toys and games: Before you pick up the latest Lego set or board game at Walmart, check its price on Amazon. According to Kiplinger, Amazon often beats Walmart's prices on toys and games by several dollars.

Photo credit: AP

4. Snack foods: Although Walmart does offer inexpensive store-brand snacks, if you're looking for cheap cookies, crackers, chips and other snack items, head to your local dollar store.

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5. Organic produce: Kerry Sherin, a savings expert from Offers.com, told GoBankingRates that stores with organic roots like Whole Food and Trader Joe's typically have a better selection and better prices on organic fruits and veggies than Walmart. "Shopping at stores with organic roots makes sense when these are the items you are purchasing," Sherin explains.

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6. Brand-name diapers: I prefer Pampers over store brand diapers. I spent a lot of time pricing them at different retailers when I first started buying them back in 2010 and Amazon was the cheapest option. It's an even better deal when you sign up for the free Amazon Family program, which could score you an even bigger diaper discount.

Photo credit: AP

7. Gift wrapping items: You'll really reap the savings by bypassing Walmart and heading to your local dollar store to stock up on gift bags, wrapping paper, tissue, bows and ribbon.

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8. Party supplies: Although Walmart does offer inexpensive party supplies, like plates, balloons, party favors and décor items, you can easily beat their prices by purchasing those items at the dollar store.

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9. Batteries: According to Kiplinger, you could pay up to twice as much per Duracell AA battery at Walmart than you would at Costco. So next time you need batteries, skip Walmart and hit up a warehouse club instead.

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