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News on Medial
Flipkart pulls Walmart's advertising business and global sales
YourStory
·
2m ago
Medial
Walmart's advertising business surged by 20% in Q1, driven by Flipkart's successful operations. Global net sales increased by 7.8% to $32.1 billion, fueled by growth in China, Flipkart, and Walmex. Despite improvements, the operating income for the international segment decreased due to investments in Flipkart, Walmex, and Canada. Flipkart is expanding its quick commerce with Flipkart Minutes, targeting 800 dark stores by year-end. Morningstar notes potential future growth from Walmart's investments in Flipkart and PhonePe.
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Startup news and updates: Daily roundup (May 16, 2025)
YourStory
·
2m ago
Medial
Zeuron.ai is advancing cognitive health through its MIMO console, combining gaming and neuroscience to aid brain functions. Meanwhile, Flipkart has driven a 20% sales growth for Walmart's advertising business this quarter, contributing to a rise in global net sales. Fyn Mobility secured $2.5 million for fleet expansion and venturing into Southeast Asia. Additionally, Shiprocket introduced India's first AI-integrated MCP server to streamline e-commerce shipping, enhancing operational efficiency and security.
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Walmart Inc leadership meets Prime Minister Narendra Modi - The Economic Times
Economic Times
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1m ago
Medial
Walmart CEO Doug McMillon and leadership met Prime Minister Narendra Modi to discuss Walmart's expanding partnership with India, involving Flipkart, PhonePe, and Walmart Global Tech. Walmart committed to $10 billion in annual exports and innovation investment. This meeting marks McMillon’s second visit to India in under 18 months, and the first time a member of the Walton family, Steuart Walton, accompanied. India remains central to Walmart's strategy.
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Walmart’s exports from India on the rise as it looks to reduce reliance on China
Inc42
·
1y ago
Medial
Global retail giant Walmart, which owns Flipkart and PhonePe, is increasing its imports from India as it aims to reduce dependence on China and diversify its supply chain. Walmart's imports in the US from India rose to around 25% between January and August this year, up from 2% in 2018. While China still accounted for 60% of Walmart's imports during the same period, it marked a decline from 80% in 2018. Walmart is exporting goods such as toys, electronics, bicycles, and pharmaceuticals to the US from India. Amazon, Walmart's rival, aims to increase exports from India to $20 billion.
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Walmart’s Reign as America’s Biggest Retailer Is Under Threat
Livemint
·
1y ago
Medial
Walmart's position as the nation's biggest company by revenue is under threat from Amazon. While Walmart reported a revenue growth of 6% last year, Amazon's revenue grew by 12%. Walmart's size makes it difficult to find additional sales growth, especially as about 90% of Americans already shop at the retailer. Walmart is also facing uncertainty due to the pandemic and rising inflation. To combat this, Walmart is exploring new revenue sources, such as advertising, and revamping its stores to appeal to a broader range of customers.
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Flipkart’s Big Billion Day Lifts Parent Walmart’s Q4 Sales, But Profit Margin Takes A Hit
Inc42
·
1y ago
Medial
Flipkart's annual Big Billion Days sale helped boost Walmart's international sales growth in the last quarter. The event attracted around 1.4 billion customers and saw strong seller growth, with transacting sellers experiencing a 2.5x increase in business. However, the timing of the Big Billion Days sale negatively impacted gross margins. Flipkart's growth in India continues in double digits, and its digital payments platform, PhonePe, is processing over 6 billion monthly transactions and has reached 1.4 trillion in annual total payment volume. Flipkart and PhonePe, both owned by Walmart, are yet to achieve profitability in India.
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Flipkart Prioritizes Market Share Over Profits, Says Walmart International CEO
StartupTalky
·
1m ago
Medial
Flipkart is prioritizing market share over immediate profits, according to Walmart International CEO Kathryn McLay. During the 41st annual strategic decisions conference, McLay emphasized the company's commitment to sustainable growth rather than quick financial gains. Flipkart is also venturing into rapid commerce, promising 15-minute deliveries through its 250 fulfillment hubs. Learning from Walmart's operations in China, Flipkart has refined its delivery model, focusing on speed and efficiency. This expansion strategy aligns with Walmart's long-term goals for the Indian market.
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IPOs of Walmart's Flipkart, PhonePe could take couple of years: Walmart executive
Economic Times
·
1y ago
Medial
Walmart's Flipkart marketplace and PhonePe digital payments platform may go public within the next couple of years, according to a Walmart executive. The initial public offering (IPO) of PhonePe could come before Flipkart, despite Flipkart being a more established business. PhonePe is one of India's largest payment platforms and is tied to the country's Unified Payments Interface (UPI), enabling users to transfer money across multiple banks. The exact timing of the IPO and choice of exchange for listing are still being considered. Executives believe that both Flipkart and PhonePe could become $100 billion businesses.
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Quick commerce drives 20% of ecommerce business in India: Walmart International CEO
YourStory
·
1m ago
Medial
Walmart's quick commerce forms about 20% of its Indian e-commerce sector, expanding at a 50% growth rate, says EVP Kath McLay. Initiatives like Flipkart Minutes, aiming to open 800 stores by year-end, highlight rapid delivery innovation. Recent capital infusions bolster expansion plans, with Flipkart Internet investing significantly in its marketplace and Myntra fashion platform receiving substantial support. McLay expressed confidence in balancing growth and market share without compromising profitability in Walmart's Indian e-commerce ventures.
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India recalls Flipkart antitrust probe report after Xiaomi complaint
Economic Times
·
8m ago
Medial
India's Competition Commission of India (CCI) has withdrawn its investigation report regarding potential competition law violations by Walmart's Flipkart. The report, which found Flipkart and some of its sellers in violation of competition laws, was recalled after Chinese smartphone manufacturer Xiaomi argued that it contained sensitive information regarding its sales. This is the second time the CCI has revoked a report, following a similar incident involving Apple in August. The investigation into Flipkart's alleged preferential treatment of sellers and collusion with companies like Xiaomi, Samsung, and Vivo is currently on hold.
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Flipkart, PhonePe could be $100 bn businesses: Walmart CFO
Inshorts
·
2y ago
Medial
During a conference, Walmart's Chief Financial Officer, John David Rainey, expressed his belief that both Flipkart and PhonePe have the potential to become $100 billion businesses in the future. Rainey emphasized India's significance and the attention it receives in terms of Walmart's international aspirations. Earlier this year, Walmart invested an additional $200 million in PhonePe, demonstrating its commitment to the Indian market.
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