Quick commerce now accounts for 20% of ecommerce sector in India: Walmart International CEO
Kathryn McLay says Walmart is excited about Flipkart’s growth but is not so focused on profitability in such a way that we would trade off market share and growth for the future. Amid the quick commerce rush, Flipkart’s Indian marketplace entity received a cash infusion of Rs 2,225 crore (around $260 million) from its Singapore-based parent, according to regulatory filings.
Kathryn McLay says Walmart is excited about Flipkart’s growth but is not so focused on profitability in such a way that we would trade off market share and growth for the future. Amid the quick commerce rush, Flipkart’s Indian marketplace entity received a cash infusion of Rs 2,225 crore (around $260 million) from its Singapore-based parent, according to regulatory filings.
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