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Flipkart, PhonePe MAUs reached all-time high in Q3, Walmart reveals

Flipkart and PhonePe had all-time high monthly active customers during the July-September quarter, Walmart revealed during its earnings call on November 17. Flipkart also led international net sales for Walmart that owns a majority of the e-commerce platform. Walmart’s international net sales grew by 1.3% YoY to $29.6 billion. If changes in currency rates are not taken into account, the net sales would have been $30.6 billion, up 5% YoY led by Flipkart, Canada and Walmex (the Mexican and Central American Walmart division). “In India, Flipkart and PhonePe had strong results for the quarter. The number of monthly active customers for these platforms is at an all-time high.” — Walmart CEO C. Douglas McMillon “Strong growth in net sales at Flipkart was helped by a record number of monthly active customers,” the company said but did not provide specific numbers.…

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