<ul><li>Quick commerce now accounts for 20% of India’s ecommerce market and is growing at a rate of 50% annually, as stated by Walmart International CEO, Kathryn McLay.</li><li>Flipkart's Indian marketplace entity has received a cash infusion of Rs 2,225 crore from its parent, focusing on expanding its quick commerce vertical, Minutes, targeting 800 dark stores by 2025.</li><li>Walmart is prioritizing market share and growth over near-term profitability for its Indian ecommerce businesses, Flipkart and Myntra, with recent fund infusions into these entities.</li><li>Despite rapid growth, quick commerce constitutes a modest part of India's retail sector, facing competition from various players like Blinkit, Swiggy's Instamart, Zepto, Amazon, BigBasket, and JioMart.</li></ul>

Quick commerce now accounts for 20% of ecommerce sector in India: Walmart International CEO

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