Flipkart Focussing On Market Share Over Profits:Walmart Int’l CEO

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SUMMARY

Noting that Flipkart is on the right trajectory, Walmart International CEO Kathryn McLay said that the ecommerce platform is on the “path to profitability”

On the growing dominance of 10-minute deliveries in India, McLay claimed that quick commerce currently accounts for 20% of the total ecommerce market in India

McLay said that Walmart has been sharing learnings from its China operations with the Flipkart team to enable the latter to be able to deliver in less than 15 minutes

Walmart International CEO Kathryn…



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Flipkart Focussing On Market Share Over Profits:Walmart Int’l CEO


SUMMARY

Noting that Flipkart is on the right trajectory, Walmart International CEO Kathryn McLay said that the ecommerce platform is on the “path to profitability”

On the growing dominance of 10-minute deliveries in India, McLay claimed that quick commerce currently accounts for 20% of the total ecommerce market in India

McLay said that Walmart has been sharing learnings from its China operations with the Flipkart team to enable the latter to be able to deliver in less than 15 minutes

Walmart International CEO Kathryn…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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