It’s the Walmart Way at Flipkart after the Bansals | RetailTechPodcast

It’s the Walmart Way at Flipkart after the Bansals

Walmart acquired 77% of Flipkart paying $16 billion in May to get a stronghold in the e-commerce space, an area which it has struggled to build a presence. "Back then Flipkart didn't have Walmart to back it," said a Flipkart executive, who wanted to stay anonymous. "Flipkart continues to expand the market with a vision to get the next 200 million customers into e-commerce and experience its benefits," said a Flipkart spokesperson. While Walmart wants to expand the categories and get newer buyers, where it will have to spend money, it is also looking at taking Flipkart public in the next two-three years, the first source said. Walmart has got Emily McNeal as group CFO, Flipkart. With Walmart in the driving seat, it might acquire the remaining 23% of Flipkart in the next two years before going public, said the third source. "On the contrary, Flipkart has a stable owner as opposed to an investor. Now Flipkart has the same advantage that Amazon has in India." Read more