Looks like Walmart’s investment in Flipkart is beginning to pay off

Ananya Bhattacharya
Looks like Walmart’s investment in Flipkart is beginning to pay off

Walmart’s $16 billion investment in Indian e-commerce may finally be bearing fruit. In India, Flipkart and Myntra, two Walmart-owned e-commerce companies, together picked more online activity than rival Amazon. “Through these two entities, Walmart is beating Amazon in India with mobile app sessions,” Massachusetts-based app intelligence firm Apptopia said in its Q4 2019 shopping report.