Walmart surpasses Amazon to win in India's e-commerce market!

Thanks to its success in the Indian market , Walmart has rarely surpassed Amazon in its e-commerce business.

According to British media reports, Walmart acquired a majority stake in Indian e-commerce platform Flipkart for $16 billion in 2018. At that time, this decision was questioned by the outside world, but now it has been proved that Walmart’s decision at that time was correct . Abhishek Goyal, co-founder of data company Tracxn and former executive of Acceler Partners, the first institutional investment in Flipkart, told the media.

According to research, India's e-commerce sales are expected to reach $135 billion by 2025 , three times the level in 2020. While Flipkart highlights Walmart's leadership in India's e-commerce industry , the report also points out that its and Amazon's market share are being eroded by local companies such as Reliance Industries and Tata Group .

It is understood that Flipkart's market share was 48% last year and Amazon's was 26% . During 2021, Flipkart's total sales in India were US$23 billion, while Amazon's were US$18 billion to US$20 billion.

Walmart Chief Financial Officer John Rainey said in a conference call that as Flipkart expanded, Walmart was also seeing growth in India's e-commerce market, "with e-commerce customers growing for the first time and expansion in both second-tier and third-tier cities ( markets ) ."

Separately, John Furner , president and CEO of Walmart U.S. , said on a conference call that the growth in the number of Walmart sellers has driven e -commerce growth , “ because more and more products are available that can be delivered in one to two days . We can see a significant increase in conversion rates when sellers use delivery services that can deliver products within two days . ”

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