Walmart International CEO Kathryn McLay shared that Flipkart will prioritize market share and growth over profitability, aiming to achieve profitability at the right time.
Walmart is working on multiple strategies to boost Flipkart's profitability, including enhancing core ecommerce, growing Myntra's business, and focusing on quick commerce and digital advertising.
Flipkart has ventured into quick commerce with a 15-minute delivery promise and is rapidly expanding its capabilities, leveraging insights from Walmart's China operations.
Flipkart's quick commerce service Minutes is aiming to increase dark store count to 800 by end of 2025, witnessing growth in tier II & III cities and doubling daily order volumes every 45 days.