A year after buying Flipkart, find out what Walmart thinks; Indian startups raise $ 111M. Last year, at this time, there was a lot of excitement when Walmart bought through Flipkart in the largest mergers and acquisitions deal in history, with a value of $ 16 billion in the startup ecosystem of India.
It was a great victory not only for the founders of Flipkart Sachin Bansal and Binny Bansal, but also for all the other founders of startups interested in witnessing a successful exit. The euphoria has not been extinguished a year later. One year after the purchase of Flipkart, the director of Walmart International explains the “specific” focus areas for the Indian market. The president and chief executive 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 UU He remains “extremely excited” to continue investing in India. In response to a question from YourStory founder and CEO, Shradha Sharma, Judith McKenna said: “Over the course of next year, we will find some specific areas in which we believe (there is) real value for both companies (Flipkart and PhonePe), and then we will delve a little deeper into that, instead of trying to do too many different things. “