Walmart Global Tech, the technology group of Walmart, has partnered with a business incubator in India to back early-stage deeptech startups. IIMK LIVE, the incubator of the Indian Institute of Management Kozhikode, in southern India, launched the program, called Deep Leap. The Hindu BusinessLine reported that it is Walmart Global...
Amazon Doubles Down on India’s Quick-Commerce Market
Amazon plans to invest $3 billion to expand its India quick-commerce business by 2030, according to The Economic Times, its largest commitment yet to a delivery category where it has trailed local rivals for years. The plan calls for $1 billion by the end of 2027 and another $2 billion by...
Walmart-Backed Indian Fintech Firm Files for IPO
PhonePe, a leading digital payments and financial services platform in India, is gearing up for a public debut. Owned by Walmart and headquartered in Bangalore, the company has filed confidential draft papers with India’s market regulator, SEBI, to raise $1.35 billion through a pure offer for sale (OFS). This method,...
India’s Rising Popularity in the U.S. Market
India's influence in the U.S. market is experiencing significant growth, as evidenced by both consumer trends and business developments. The recent launch of Mattel's Diwali Barbie, which sold out within a day, exemplifies the growing American interest in Indian culture. Major retailers such as Target, Walmart, and Costco are expanding...
Amazon Boosts Indian Exports to $5 Billion
Amazon's Global Selling program is set to significantly boost Indian exports in 2024, with the e-commerce giant expecting to facilitate $5 billion in sales of small-ticket items from Indian exporters to international markets such as the U.S. and UK. This marks a substantial increase from the nearly $3 billion in...
India Gains Cost Advantage in Global Sourcing
India is aiming to establish itself as a major manufacturing hub for global markets, following China's successful model of becoming the "factory of the world." This shift is driven by recent changes in global supply chains due to the pandemic and geopolitical factors, presenting India with an opportunity to increase...