Since the explosion in data consumption in the past 18-20 months, the online retail segments have seen exponential growth in smaller areas. Since the explosion in data consumption in the past 18-20 months, the online retail segments, like other businesses in the consumer Internet sector, have witnessed exponential growth in smaller areas. After it entered the Indian retail space in 2007 and started operations in 2009, Walmart India did not make any profit till 2016. “With the acquisition of Flipkart, Walmart will be able to extend its expertise in managing physical goods to the digital world — a strength that Flipkart lacks. In one way, the Walmart-Flipkart deal is a proof of the giant strides made in India by Amazon.

Source: Indian Express May 12, 2018 19:30 UTC