Pleased with Flipkart, PhonePe’s performance: Walmart’s Judith McKenna

Walmart International chief executive officer (CEO) Judith McKenna has said the company is impressed by its firms in India, which includes e-commerce major Flipkart, digital payments giant PhonePe and online fashion retailer Myntra. This is because they have performed in line with the US retail giant’s expectations.

Specifically talking about Flipkart’s performance, she said the ecommerce major’s monthly active customer base has grown by 45 per cent. The transactions per customer increased 30 per cent while the firm has tracked over one billion visits per month.

The Bentonville-based company (in Arkansas) is locked in a battle with US rival Amazon for dominance in India’s online retail market through Flipkart, which it acquired for $16 billion in 2018.