Walmart CFO Envisions Flipkart, PhonePe as $100bn Indian Enterprises

  • Walmart CFO John David Rainey believes Flipkart and PhonePe could reach $100bn valuations.
  • Flipkart reported double-digit sales growth with a boost in advertising and new shoppers.
  • PhonePe holds a 46% market share with a $1tn annualised payment value and 400 million registered users.
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