business / news / / The Economic Times
Walmart CEO John Furner expressed strong confidence in India's quick commerce potential during his visit.
Flipkart's 10-minute grocery delivery service, Minutes, plans to reach 1,200 dark stores by June 2024.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →