walmart

While the firm is burning US$31 million a month on quick commerce, it is also targeting food delivery with its “original restaurant price” strategy.

The company said the business grew 4x year on year and that around 60% of customers returned to shop there.

Vibe.co serves more than 10,000 advertisers, including small businesses.

Walmart said Flipkart and China operations, along with lower ecommerce losses, helped improve operating income.

Flipkart’s revenue grew 14% in FY25, while its loss narrowed by 37% to Rs 1,494 crore.

Walmart is consolidating its AI and tech teams to simplify reporting and clarify ownership.

Hilbert’s platform uses deep learning to suggest actions with potential dollar impact.

India now has more than 6,000 dark stores, Bernstein said, while Amazon has built about 450 to 500 sites, with 330 to 370 operating, UBS said.

Flipkart has received government approval to shift its domicile from Singapore to India.

PhonePe processed nearly 10 billion UPI transactions in January, out of 21.7 billion total.