During Walmart’s yearly institutional investors call, CFO and executive vice president John David Rainey stated, “I believe India is going to be the largest (International) market in the world this year, surpassing China. It’s a really promising opportunity in the future.” Bentonville, Arkansas-headquartered Walmart, is the majority owner of Flipkart,...
Walmart/Flipkart Partner India’s NSIC to Enhance Exports
Walmart and its India unit Flipkart have allied with the National Small Industries Corporation. (NSIC) to jointly accelerate capacity building for micro, small, and medium enterprises (MSMEs) across India. The partnership will also support MSMEs in their journey to become part of retail supply chains, locally and globally. Tens of thousands...
India Supports over 40 “Unicorn” Startups
In the first four months of 2021, eleven Indian startups have attained unicorn status, meaning they've reached a valuation of at least $1 billion, according to data platform Tracxn. Five startups hit that milestone in April alone. By comparison, there were 13 in all of 2020, and 10 in 2019....
Walmart International’s India Business on Growth Trajectory
Bentonville, Arkansas-based Walmart's two acquisitions in India -- e-commerce firm Flipkart and digital payments firm PhonePe -- have emerged stronger with the adoption of digital technologies during the coronavirus health crisis in India. The company also operates a small chain of "wholesale stores" in India, which sell to the retail...
Nokia launches 55-inch 4K Smart TV in India
Flipkart and Nokia have just launched the “Nokia” branded Smart Android television set. Both companies have committed towards “Make in India” initiative. The device comes with a 55-inch 4K Ultra HD display, which has a bezel-less design. It supports HDR 10, MEMC technology, intelligent dimming, wide color gamut, and Dolby...
India is Home to 27 Unicorn Startups
Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...