Flipkart, owned by Walmart, is launching a food delivery service in India to compete against dominant players Zomato and Swiggy. The company is currently testing the service internally in Bengaluru with plans for a public launch by October and expansion to multiple cities by year-end. Flipkart aims to leverage its existing e-commerce and quick-commerce logistics to offer more efficient delivery and lower commissions around 10%, compared to 20-25% charged by incumbents. This move targets a rapidly growing market, though customer acquisition remains challenging due to strong loyalty and discount competition from Zomato and Swiggy.
Walmart's stock price on Pluang is USD 119.46 as of Oct 20, 2026 08:51 WIB, showing a modest 0.54% gain for the day. This steady performance comes while Walmart's Flipkart is preparing to enter the competitive Indian food delivery market, aiming to challenge established players like Zomato and Swiggy. Despite strong selling pressure with 82% of Pluang orders being sell orders, Walmart maintains a significant market cap of $942.61 billion, reflecting investor interest in its growth initiatives.
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