After Flipkart Deal, Walmart Plans to Open 50 More Stores in 4 to 5 Years

A day after acquiring 77% stake in Flipkart for $16 billion, Walmart Inc, which has 21 stores in India, will be adding 50 new stores in the next four-five years.

“We expect to open 5 stores in the current year and then pick up pace and eventually start opening 12-15 stores a year,” said Walmart India president and CEO Krish Iyer in a media roundtable. 

For the cash-and-carry business, the retailer currently operates in 9 states and 19 cities and the future expansion is focused on more or less the same geographies. 

Walmart India, which offers close to 5,000 items through its cash-and-carry wholesale format, aims to continue its operations primarily in Punjab, Haryana, Uttar Pradesh, Uttarakhand, Maharashtra, Andhra Pradesh and Telangana.