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