Flipkart CEO Targets Fashion for Growth - SolidRumor.com

Flipkart CEO Targets Fashion for Growth

 Flipkart CEO Targets Fashion for Growth

Flipkart packages. Source: Flickr

Flipkart Group CEO Kalyan Krishnamurthy says the fast-growing Indian e-commerce giant is looking to the under-penetrated digital fashion market, along with scaling its loyalty program and grocery businesses, for continued growth, according to an Economic Times report.

Walmart-owned Flipkart is largely credited with the US retail giant’s 5.5 percent growth in international sales to $34.9 billion in the fourth quarter of the fiscal 2021 year. After a first half interrupted by lockdowns that impacted warehousing and logistical operations across India, Walmart International President and CEO, Judith McKenna, said Flipkart’s fourth quarter gross merchandise volume (GMV) growth had surged to “roughly double” that of the full year.

Krishnamurthy, speaking during a post-earnings briefing, also said that by 2025, he expected Flipkart’s GMV to rise to $90 to 100 billion.

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