Page 2 - Walmart In India

Sameer Aggarwal elevated to Walmart India CEO, takes charge on April 1

This is his third promotion in the two years since he joined the company in April 2018 as Exec Vice President; taking over from Krish Iyer

Walmart-owned Myntra scales down operations, cuts 80 jobs from Gurugram hub

Myntra has a strength of 3,000 employees and the lay-offs have taken place across functions such as business operations, product and technology, and marketing

Flipkart ups physical retail presence to take on rivals, boost business

In Sept, Flipkart had said it brought onto its platform 27,000 kirana stores in non-metro cities to expand its reach

Walmart opens 28th India wholesale store in Andhra Pradesh's Kurnool

Walmart India, the wholly-owned subsidiary of Walmart Inc, on Wednesday opened its 28th wholesale store' in the country at Kurnool in Andhra Pradesh. The new cash & carry store, under the label of 'Best Price Modern Wholesale Store' got integrated with B2B e- commerce platform, making it the 28th store to go online, the company said in a statement. "As we continue to grow our network of cash and carry stores with a mission to help small businesses prosper, we would like to thank all our members, partners, associates and stakeholders for their overwhelming support and contribution to the success of our business," Walmart India president and chief executive Krish Iyer said. This is the company's fifth store in Andhra with the others being at Rajamahendravaram, Guntur, Vijayawada and Visakhapatnam. "Andhra is an important sourcing destination for us as we source a variety of fruits and vegetables directly from farmers, agriculture produce from local suppliers and food .

Walmart, Flipkart jointly invest in fresh produce supply startup Ninjacart

Founded in 2015, Ninjacart moves over 1,400 tons of fresh produce per day, having doubled its volumes in the last four months, it was stated.

Walmart's Flipkart invests in Shadowfax as part of $60 mn funding round

A logistics firm, Shadowfax will use the funding to increase the number of shipments to 100 million a month and expand its geographical presence to 1,000 Indian cities

India bet pays for Walmart Int'l, Flipkart helps US giant's Q3 net sales

Operating income takes a hit owing to $290 million impairment towards Jabong merger with Myntra.

Retail's tech backbone: India-built software drives likes of Walmart, Tesco

Walmart Labs has about 3700 people in India and most of them are based in Bengaluru

Flipkart's FY19 group revenue up 42% at $6 bn; losses decline 63%

The e-commerce company managed to achieve a 63% reduction in losses from Rs 46,895 crore ($6.6 billion) in 2018 to Rs 17,231 crore ($2.42 billion) for the financial year ending March 31, 2019.

Walmart CEO pens a letter to PM on data privacy, regulatory stability

He also appreciated the prime minister for listening to the retailer's concerns on regulatory stability and uniform implementation of regulations in the e-commerce and retail sectors

Walmart uses blockchain technology for tracing seafood in Andhra Pradesh

Since 2017, Walmart has been collaborating with IBM on the use of blockchain technology to enhance global food traceability

Walmart bullish on omnichannel retail format to beat competition in India

Opens its first Fulfilment Centre in Lucknow