Flipkart has shown clear proof of value, will hit profitability: Walmart’s Judith McKenna

Speaking at Baird 2022 Global Consumer, Technology & Services Conference in New York on Tuesday, McKenna said there has been “clear proof of value”. Walmart had invested in Flipkart at a valuation $20 billion. Last year, the Indian company raised $3.6 billion from Walmart and SoftBank at a valuation of close to $38 billion, she pointed out.

from Tech-Economic Times https://ift.tt/t9hDbwd