WALMART TO FOCUS ON

FLIPKART IN INDIA
INSTEAD OF RETAIL
STORES

Mentor
Presented By
Proof-Archana J R
Siddu Biradar
RNSIT
1st sem MBA - C sec
 • AMERICAN RETAIL GIANT WALMART IS NOT KEEP ON OPENING DIRECT-TO-CONSUMER
PHYSICAL STORE IN INDIA.

• WALMART CHIEF EXECUTIVE DOUG MCMILLON SAID AT THE GLOBAL BUSINESS SUMMIT.
 • WHAT WE’RE FOCUSED ON IS SUPPORTING FLIPKART AND PHONE PE TO BE SUCCESSFUL

• BUT WILL FOCUS ON GROWING IT’S ACQUISITIONS ONLINE MARKET PLACE FLIPKART AND
PAYMENT MAJOR PHONE PE .\

• IT CAN BE NOTED THAT THE COMPANY ACQUIRED FLIPKART AND PHONE PE IN A $16
BILLION DEAL A FEW YEARS BACK.
 • THE RETAINER IS FOCUSED ON ENSURING THAT IS SEEN AS A “GOOD PARTNER” FOR THE
COUNTRY

• AND HAS ATTEMPTED TO DEMONSTRATE ITS CULTURE TO THE GOVERNMENT.

• HE EXPRESSED SATISFACTION WITH THE WAY THE FLIPKART

INVESTMENT HAS TURNED OUT FOR WALMART.
 • TO A QUESTION ON THE COMPANY PLAN TO TAKE FLIPKART PUBLIC, MCMILLON SAID
AN IPO WILL BE THE ULTIMATE AIM.

• BUT DECLINED TO SPECIFY THE TIMELINE OR OTHER DETAILS.

• WALMART NOW OWNS AS 82.3% STAKE IN FLIPKART
• US. BASED HEDGE FUND TIGER MANAGEMENT IS 4.72%.
• CHINA’S TENCENT IS 5.21%.
• ACCEL PARTNER IS 1.28%.

• MICROSOFT CORP. IS 1.41% AND OTHER KEY INVESTORS.

 WEB LINK FOR REFERENCE
• https://wap.business-standard.com/article-amp/companies/walmart-not-keen-on-
retail-stores-in-india-to-focus-on-flipkart-phonepe-122031100982_1.html

• https://www.businesstoday.in/amp/latest/corporate/story/walmart-not-keen-to-
open-retail-stores-in-india-to-focus-on-flipkart-phonepe-325698-2022-03-11

• https://inc42.com/buzz/walmart-gets-disillusioned-with-retail-stores-in-india-to-
focus-on-flipkart-phonepe/amp/

• https://retail.economictimes.indiatimes.com/amp/news/e-commerce/e-tailing/
walmart-not-keen-to-open-retail-stores-in-india-to-focus-on-flipkart-phonepe/
90162474
THANK YOU.