Quick commerce now makes up 20% of India’s ecommerce market and is expanding at an impressive 50% annual growth rate, according to Kathryn McLay, CEO of Walmart International. Speaking at the Bernstein Annual Strategic Decisions Conference, McLay emphasized Walmart’s intent to aggressively participate in this fast-growing segment, primarily through its Indian arm, Flipkart.
As part of this strategic focus, Flipkart’s Indian marketplace entity recently received a capital infusion of ₹2,225 crore (approximately $260 million) from its Singapore-based parent, regulatory filings show. The funding is expected to drive Flipkart’s quick commerce vertical, Flipkart Minutes, which aims to establish 800 dark stores by the end of 2025. The rollout is already halfway complete, according to Kabeer Biswas, Vice President of Flipkart Minutes.
Walmart’s strategy in India is clearly skewed toward scaling over short-term profits. “We are not so focused on profitability that we would trade off market share and growth for the future,” McLay noted. She acknowledged that the path to profitability may not be linear but said Walmart has seen similar models succeed globally — especially in quick commerce.
Alongside Flipkart, Myntra — Flipkart’s fashion platform — is also ramping up its presence. It recently secured a ₹1,062.5 crore ($124 million) capital injection and has expanded services to Singapore.