Flipkart acquires Walmart India to launch Flipkart Wholesale

The eCommerce player Flipkart has acquired 100% stake in Walmart India, which operates Best Price cash and carry business, and launched a new digital marketplace, Flipkart Wholesale. According to reports, Flipkart Wholesale will be launching its operations in August and will pilot services for the grocery and fashion segments. Walmart India operates 28 Best Price stores with modern wholesale stores that offer nearly 5,000 items in cash and carry wholesale format and own two fulfillment centers in Lucknow and Hyderabad. Strengthening grocery business This acquisition of Walmart India will help Bengaluru-headquartered Flipkart to leverage the strong wholesale capabilities of the company and enable the transformation and growth of the Kirana retail ecosystem in the country by leveraging locally developed technology. It will eventually strengthen the grocery business that is getting increasingly competitive. Kiranas and MSMEs are key components to India’s retail ecosystem. The new platform, Flipkart Wholesale, will focus on meeting their needs by offering small businesses a wide selection at a significant value. In addition, Kiranas and MSMEs will have access to credit options and new income generation…

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