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Retailing in India is one of the pillars of its economy and accounts for about 10 percent of its GDP. [1] [2] The Indian retail market is estimated to be worth $1.3 trillion as of 2022. [3] [4] India is one of the fastest growing retail markets in the world, with 1.4 billion people. [5] [6]
With its eyes on India's retail market, Flipkart acquired Letsbuy, an online electronics retailer, [26] in 2012, and Myntra, an online fashion retailer, for US$280 million in May 2014. [27] Myntra continues to operate alongside Flipkart as a standalone subsidiary focusing on separate market segments. [28]
The industry consensus is that growth is at an inflection point. [3] In India, cash on delivery is the most preferred payment method, accumulating 75% of the e-retail activities. [4] Demand for international consumer products (including long-tail items) is growing faster than in-country supply from authorised distributors and e-commerce ...
Walmart's Flipkart marketplace and PhonePe payments business in India could be $100 billion businesses buoyed by strong growth, the retailer's chief financial officer said on Wednesday at an ...
India's Flipkart launched an online wholesale service for mom-and-pop stores and other small businesses on Wednesday, as the Walmart-owned firm seeks to better compete with Amazon and other ...
Walmart Inc. / 36.36556°N 94.21750°W / 36.36556; -94.21750. Walmart Inc. ( / ˈwɔːlmɑːrt / ⓘ; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores in the United States and 23 other countries.
The average price target stands at $3,818.46, implying an upside potential of about 20% from current levels.Walmart (WMT)Retail behemoth Walmart serves over 265 million customers in 26 countries ...
bigbasket .com. BigBasket is an Indian online grocer headquartered in Bangalore, India, and currently owned by Tata Digital. [1] It was the first online grocer in India, set up in 2011. It is a registered company with the name Supermarket Grocery Supplies Pvt. Ltd. [10] As of January 2023, the company operates in more than 30 cities in India ...