Flipkart saw strong GMV growth in December quarter: Walmart’s Judith McKenna

Bengaluru: India and Mexico were two of the top performing markets in 2020 outside U.S for Walmart Inc., with e-commerce firm Flipkart and digital payments firm PhonePe benefiting from accelerated digital adoption in the country, said a top Walmart executive.

“It’s been two and a half years since we invested in Flipkart, and as we enter 2021, Flipkart is a rapidly growing e-commerce platform with a market leading position in categories like fashion, electronics and appliances and a promising adtech and wholesale business,” said Judith McKenna, president and CEO, Walmart International.

McKenna was speaking at Walmart’s virtual 2021 Investment Community meeting on Thursday.