×
185
Fashion Jobs
LE HUMAN RESOURCES SOLUTIONS PVT LTD
Production Manager
Permanent · Pune
FIRST MERIDIAN BUSINESS SERVICES
Head Production Manager
Permanent · Gurugram
ADECCO INDIA PRIVATE LIMITED
Sales Manager
Permanent · Mumbai
ALEMBIC PHARMACEUTICALS
Area Development Manager
Permanent · Pune
LEVI'S
Technical Product Manager
Permanent · Bengaluru
THE SEARCH HOUSE (A DIV OF JSD SEARCH HOUSE PVT. LTD.)
Manager Production-Sheet Metal (Laser /Punching/ Press Break)
Permanent · Bhiwadi
ABHAY INDUCTION TECH PVT LTD
Sales Manager
Permanent · Ahmedabad
FREELANCER PRATIK PARIKH
Opening in Leading Life Insurance Company/ Area Business Manager
Permanent · Gandhinagar
MANISHMEDI INNOVATION
Area Sales Manager
Permanent · Hyderabad
OJB HERBALS
Area Sales Manager
Permanent · Ranchi
LIVE BIOTECH PRIVATE LIMITED
Area Sales Manager, Regional Sales Manager, Zsm
Permanent · Chennai
KM ELECTRONIC CABLES PVT. LTD
Area Sales Manager - Vijayawada
Permanent · Chennai
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
CTA APPARELS PVT. LTD
Opening For Merchandising Manager- Noida(Garment Export)
Permanent · Noida
STAR UNION DAI ICHI LIFE INSURANCE (SUD LIFE)
Hiring- Area Manager - Bancassurance- Kolkata Metro
Permanent · Kolkata
NIKKO & CO.
Area Sales Manager /Sales Officers(5-10 Yrs Into Fmcg)
Permanent · Karimnagar
FUTURE GENERALI
Opening For Area Manager in Bangalore With Future Generali li
Permanent · Bengaluru
INFEXN LABORATORIES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
LENSKART
Area Operations Manager
Permanent · Chennai
ADECCO INDIA PRIVATE LIMITED
Job Opening For Area Sales Manager Role For Mnc Company
Permanent · Bengaluru
DR LAL PATHLABS
Area Sales Manager -Chandigarh
Permanent · Chandigarh
JOB INDIA
Regional Manager Sales (Backend Operations)Garments - Gurgaon
Permanent · Faridabad
Published
Jun 10, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Walmart confident Flipkart will hit profitability

Published
Jun 10, 2022

Walmart is confident that its Indian acquisition Flipkart will become profitable and that it remains supportive of Flipkart going for an initial public offering when the market conditions and its business performance aligns. 

Flipkart's advertising technology is proving useful in international markets - Flipkart


As Flipkart continues on what parent company Walmart believes is its path to profitability, India has also emerged as Walmart’s biggest market for advertisement revenue, Walmart International’s CEO and president Judith McKenna said at the recent Baird 2022 Global Consumer, Technology, and Services Conference in New York, US, the Economic Times reported. Due to this, Flipkart is looking at using its advertisement technology in other markets to boost revenue. Flipkart has already begun offering its software-as-a-service in Chile.  

The time frame for Flipkart’s IPO remains positive but undecided. “When the time is right will depend on a number of factors, not least the market, but also the business performance,” said McKenna, the Economic Times reported. “They’ve hit our deadlines… we wouldn’t have insisted if we didn’t believe they could become profitable in the longer term, as we continue on track for that.”

Walmart acquired a 77% stake in Flipkart in 2018 and currently holds a 72% stake in the business. Walmart had stated from the time of the acquisition that it plans to support Flipkart in its aim to launch an IPO.  

“We’ve been really clear and that we’ve been happy at every step of the way over the four years that we’ve made the investment,” said McKenna. “So they’ve achieved our expectations, and they’ve delivered what they need to deliver.” 

Copyright © 2022 FashionNetwork.com All rights reserved.