Walmart CEO Doug McMillon said that there was more room for other investors in Flipkart and PhonePe, and said that the plan to take Flipkart to IPO has remained the same since the time of the acquisition in 2018.
Speaking at the Hindustan Times Leadership Summit, McMillon also said that the American retailer would 'wait patiently' for India to allow it to enter multi-brand retail.
Also watch Startup Street in conversation with Jasminder Singh Gulati, co-founder of NowFloats and Sanjay Jain, partner at Bharat Inclusion Fund who shared the key takeaways from their 8th edition of the Digital Desh drive. Digital Desh is a research platform run by NowFloats that aims at deeply understanding the inside of the internet of India or Bharat, discovering the changes in behaviour patterns around digital technology, how it is being used.
Watch video for more.