Walmart backs Flipkart to tap India's $1 trillion internet economy
Walmart International CEO Kathryn McLay calls India a huge ecommerce opportunity, doubling down on Flipkart's marketplace, Myntra AI personalisation and quick-commerce Minutes. With online penetration at 9% and QC growing 50% annually, Walmart prioritises long-term growth over near-term profit through 2030.
Walmart International CEO Kathryn McLay calls India a huge ecommerce opportunity, backing Flipkart's core marketplace, Myntra's AI personalisation, and quick-commerce Minutes expansion, prioritising long-term growth over premature profitability.
Why this matters
Walmart's bet follows Flipkart's aggressive expansion: building a standalone food delivery app to own customer data, and scrapping seller commissions across all fashion price points to win marketplace share.
Retail-company signals are accelerating, up +665100% QoQ.