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Walmart has a tough battle ahead in India
Financial Express Delhi|December 19, 2024
E-COMMERCE IN INDIA is a political and regulatory minefield.
- Bloomberg

E-COMMERCE IN INDIA is a political and regulatory minefield. US consumer giant Walmart Inc. — which has been waiting to launch the much-anticipated initial public offering of the online marketplace it acquired for $16 billion six years ago — has had its patience tested. It's unlikely to get Flipkart out the door next year: A 2026 IPO may be a more reasonable expectation, with a little diplomatic help from the incoming government in Washington.

The business side of things is not the reason for the delay. Flipkart is the country's largest e-commerce player, ahead of Amazon.com Inc. The homegrown app lacks the consumer-service finesse of its rival, but its sheer reach across a continent-sized geography gives it the heft that took the likes of Unilever Plc a century to build.

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Walmart has a tough battle ahead in India
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Esta historia es de la edición December 19, 2024 de Financial Express Delhi.

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