Walmart: Flipkart and PhonePe Set to Become $100B Businesses in ...
29 October 2024
Flipkart and PhonePe, two prominent players in India's e-commerce and digital payments sector, are on track to achieve remarkable milestones as they have the potential to become $100 billion businesses, according to Walmart's Chief Financial Officer, John David Rainey. During an investor conference, Rainey expressed confidence in the future growth of both Flipkart and PhonePe, highlighting their significance in Walmart's ambitious goal of doubling the gross merchandise volume in foreign markets to $200 billion within five years.
Flipkart and PhonePe, two prominent players in India's e-commerce and digital payments sector, are on track to achieve remarkable milestones as they have the potential to become $100 billion businesses, according to Walmart's Chief Financial Officer, John David Rainey. During an investor conference, Rainey expressed confidence in the future growth of both Flipkart and PhonePe, highlighting their significance in Walmart's ambitious goal of doubling the gross merchandise volume in foreign markets to $200 billion within five years.
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