A year into Flipkart buy, find out what’s on Walmart’s mind; Indian startups raise $111M

Saturday June 08, 2019 , 3 min Read

Last year around this time, there was a lot of excitement when Walmart bought over Flipkart in the biggest ever M&A deal worth $16 billion in the Indian startup ecosystem. It was a big win not only for the Flipkart Founders Sachin Bansal and Binny Bansal but also for all the other startup founders keen to witness a successful exit.

The euphoria has not died down one year later. A year into the Flipkart buy, Walmart International head spells out ‘specific’ areas of focus for India market. President and CEO of Walmart International Judith McKenna said Walmart will focus on ensuring compliance best practices and building a strong supply chain for Flipkart across India.

The US retail giant remains “extremely excited” about continuing to invest in India. In response to a question by YourStory Founder and CEO Shradha Sharma, Judith McKenna said, “Over the course of the next year, we’ll find some specific areas where we think (there’s) true value in, for both businesses (Flipkart and PhonePe), and then we’ll go in a little deeper into those, rather than try to do too many different things."

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