According to Walmart’s CFO, Flipkart and PhonePe might be $100 billion companies in India.

Although Walmart does not provide particular sales data for PhonePe and Flipkart, company leaders have recently emphasized the importance of these two businesses.

Walmart’s Flipkart marketplace and PhonePe payments operation in India have the potential to grow into $100 billion businesses.

It is not impossible to see both of these companies growing to be $100 billion firms, according to Rainey.