Walmart In India

Walmart expands snack sourcing from India for US market ahead of Diwali

US retail major Walmart on Thursday said it is increasing its food and snack products sourcing by adding new popular Indian brands like Bikano, Britannia and Jayanti Spices for the US market ahead of Diwali. Bentonville-based retail giant Walmart has also set a goal of sourcing goods worth USD 10 billion from India annually by 2027. The announced lineup of new food and snack products will cater to Diwali celebrations. "Together, they will supply a diverse range of well-loved snacks and food products to Walmart's US customers," a statement said, adding that "offerings include premium tea, ready-to-eat and frozen foods, traditional snacks, spices, and festive packs". Products by India's leading food companies like Britannia and Bikano will be available this Diwali, while brands, such as Regal Kitchen and VAHDAM, are already available to the Walmart US customer, it noted. Jayanti Spices and Hyfun Foods currently have products under Walmart's Great Value brand. Walmart, Executive Vic

Online sellers on Walmart's Flipkart sue CCI over antitrust probe

Three of Flipkart sellers- CIGFIL Retail, Wishery Online, Xonique Ventures- in their lawsuits argue that during the investigation they were called to submit data to help officials, but were framed

Amazon set to exceed $13 billion in Indian exports by end of 2024

Amazon's rival Walmart has recently announced an ambitious annual export target of $10 billion from India by 2027

Competitors unfazed by Flipkart's 10-minute delivery service foray

Execs at rival players say they'll be concerned only after the e-commerce giant succeeds in this space

New updates: Sonia Gandhi unanimously elected as Congress Parliamentary Party chairperson

Catch all the latest updates from around the world here

IPOs of Flipkart, PhonePe could take couple of years, says Walmart exec

Walmart may put an initial public offering of PhonePe ahead of Flipkart, even though Flipkart is a more mature business

Google invests $350 mn in Flipkart as part of $1 billion funding round

This fundraise will give enough firepower to Flipkart to counter competition from Amazon, Reliance JioMart, and Tata Digital and tap the next 200 million customers in the country, especially in Tier-I

Retail giant Walmart to fire hundreds of corporate staff, relocate others

Walmart employed approximately 2.1 million associates as of Jan. 31, 2024, according to regulatory filings

Walmart announces dedicated page for Indian sellers on its website

Multinational retailer Walmart announced the launch of a dedicated page for Indian sellers to register and sell on the company's marketplace site. The company hosted a global seller meet in Jaipur on Tuesday, kicking off a series of regional events to help prospective sellers with insights and knowledge on consumer and category trends and assist with onboarding support and catalogue setup, a release said. "India is a priority market for Walmart, and the dedicated landing page builds upon our commitment to Indian sellers. Walmart Marketplace strives to unlock the potential of Indian businesses by giving sellers access to customers around the world," Michelle Mi, Vice President of Emerging Markets and Business Development for Walmart stated in the release. "Through dedicated onboarding support and expertise in navigating global supply chains, we are empowering sellers with the tools they need to thrive in the US marketplace and beyond," the release added.

Walmart, IIT Madras partners to launch center for tech excellence for MSMEs

The center will focus on developing solutions to help MSMEs adopt Artificial Intelligence (AI) and digitization to enhance operational efficiency and profitability

American retail major Walmart sourcing from India hits $30 bn in 20 years

India is the first country, outside the US, where the retail major has announced an export target

Walmart-owned Flipkart to roll out same-day delivery across India

Customers will receive their products before midnight if they place their orders by 1 pm. Order fulfilment will take place from Flipkart's warehouses located in various parts of the country

Parent company Walmart infuses nearly $600 mn in e-commerce giant Flipkart

The e-commerce firm company is in conversations with investors to raise a total of $1 billion to give it enough firepower to Flipkart to counter competition

Myntra surpasses 75 mn new app users, achieves record customer growth

The Gen Z fashion segment on the platform has recorded 2.25X surge in demand and 175% YoY growth in customers

Walmart-owned PhonePe crosses 500 million lifetime registered users

The fintech firm which has become the first Indian Internet company to hit this milestone has also elevated some of the key executives to take on larger roles in the group

PhonePe scales up its shopping app to compete with large e-commerce firms

Pincode offers consumers the opportunity to browse and order directly from their favourite local shops and restaurants

Over 8 million customers expected to shop during Myntra's festive sale

With over 23 lakh styles from more than 6000 brands, the fourth edition of the Myntra BFF offers one of the biggest assortments of selections across fashion, beauty, and lifestyle ever

PhonePe forays into online stock broking as it expands its services

The platform will charge users an onboarding price of 199 rupees, while there will be no charge for trades of up to 400 rupees, the company said in a statement

TMS Ep433: Walmart strategy, WhatsApp, 2024 IPOs, aircraft lessors

What will be Walmart's future strategy in India? Is WhatsApp the new playground for scamsters? Why are retail investors not investing in IPOs in 2023? What are aircraft lessors? All answers here

India can repeat UPI success in e-commerce: Walmart CEO Doug McMillon

'We talk about India in every board meeting'