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Flipkart, PhonePe monthly active customers at 'all time high': Walmart

Walmart International CEO Doug McMillon says group committed to high-value markets like India.

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E-commerce firms like Flipkart and Amazon witnessed blockbuster festive season sales in India

3 min read Last Updated : Nov 17 2020 | 11:20 PM IST

Walmart International, the segment which includes the retail giant’s operations outside the US, on Tuesday reported a 1.3 per cent rise in net sales in the third quarter of 2020, led by e-commerce firm Flipkart, Canada, and Walmex (Walmart de Mexico).

The Covid-19 pandemic has accelerated the shift to e-commerce, with an increasing number of consumers shopping online at a higher frequency.

Changes in currency rates negatively affected net sales by approximately $1.1 billion. Excluding the currency factor, net sales were $30.6 billion, an increase of 5 per cent. It said strong growth in net sales at Flipkart was helped by a

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