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Quick commerce now accounts for 20% of India’s ecommerce market and is growing at a rate of 50% annually, according to Kathryn McLay, CEO of Walmart International. “That’s a part of ecommerce that we want to be playing in,” she said at the Bernstein Annual Strategic Decisions Conference, reaffirming Walmart’s growing focus on the segment through its Indian arm Flipkart.
Amid this push, Flipkart’s Indian marketplace entity has received a cash infusion of Rs 2,225 crore (around $260 million) from its Singapore-based parent, according to…
