# Walmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit.

*business · news · 2026-05-07 · The Economic Times*

## Key points

- Flipkart's 10-minute grocery delivery service, Minutes, plans to reach 1,200 dark stores by June 2024.
- Walmart CEO John Furner confirmed sustained aggressive expansion of quick commerce in India via Flipkart.
- PhonePe has delayed its $1.3 billion IPO due to valuation mismatches with institutional investors.
- Flipkart and PhonePe, both Walmart subsidiaries, are planning public listings in India.
- Walmart has already sourced over $40 billion worth of goods from India for global supply chains.

**Companies:** Walmart, Flipkart, PhonePe
**Countries:** India, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/bullish-on-quick-commerce-says-walmart-ceo-john-furner-at-flipkart-townhall/articleshow/130903396.cms)

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