Walmart to build global synergies with Flipkart

Five years after acquiring a majority stake in Flipkart, Walmart is beginning to build synergies with its global operations. It is getting some of its international vendors to set up manufacturing units in India to meet sourcing requirements, while also looking to use Flipkart’s expertise in setting up a marketplace in Africa. Similarly, PhonePe and the retail giant’s Mexican financial services are collaborating, Judith McKenna, president & CEO, Walmart International, told TOI in an interview. The US retail giant has got its team of leaders to India to give them first-hand knowledge of a market where Walmart sees immense potential in the years ahead.