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Flipkart scales up ’Minutes’ network with ₹169.1 crore boost from Walmart

The plan leverages Walmart’s focus on growth over profit to capture India’s $1 trillion e-commerce opportunity

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Overview

  • Flipkart’s Minutes quick commerce arm has built 250 fulfilment centres and is halfway to its goal of launching 800 rapid-delivery outlets by December.
  • Walmart International injected ₹169.1 crore into Flipkart on April 29 and earlier funded its marketplace entity with ₹290 crore to fuel the expansion push.
  • Myntra secured a $125 million capital infusion from FK Myntra Holdings to advance AI-driven personalization and launch an international shopping platform.
  • Quick commerce now represents about 20% of Flipkart’s Indian e-commerce volume and is growing at an annual rate of roughly 50%.
  • Flipkart is ramping up digital advertising revenue and leveraging generative AI shopping features under Walmart’s strategy to prioritize market share over short-term profitability.