Walmart Flipkart Deal is good for Indian e-commerce industry: LatestOne.com CEO Ameen Khwaja

Walmart Flipkart deal is a positive development for the Indian e-commerce industry, said  Ameen Khwaja, Founder & CEO, LatestOne.com.

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deal is a positive development for the Indian e-commerce industry, said  Ameen Khwaja, Founder & CEO, . According to him, apart from being the biggest M&A the country has witnessed in years, it brings with it two distinct advantages. Firstly, Indian online consumers stand to benefit tremendously. With Walmart comes its way of doing business: offering the best prices in market.

He further said, a retail company of  such size will bring in its best practices – be it vendor management or logistics and supply chain management – which would definitely help build a more robust infrastructure for ecommerce sector as a whole. LatestOne.com, which now happens to be the only Indian-owned e-commerce player in the country, stands to benefit immensely by this development. Expect to see faster growth in near future. It’s a shot in the arm for the sector which has seen quite a few blips recently.

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