Flipkart acquires Walmart India enterprise

Bengaluru, July 23

The Flipkart Group on Thursday introduced the launch of Flipkart Wholesale, a brand new digital market, and the acquisition of 100% curiosity in Walmart India Private Limited, which operates Best Price cash-and-carry enterprise.

Kiranas and MSMEs are central to India’s retail ecosystem and Flipkart Wholesale will concentrate on assembly their wants by offering small companies a big selection at vital worth, the corporate mentioned.

“Whether in grocery, general merchandise or fashion, these businesses will have one-stop access to an extensive selection of products with attractive schemes and incentives, supplemented with data-driven recommendations for stock selection, delivered through a fast and reliable network to drive greater efficiencies and better margins,” it mentioned.

Best Price at the moment helps greater than 1.5 million members, together with kiranas and different MSMEs.

Top Indian manufacturers, native producers and sellers have partnered with Flipkart Wholesale to make sure the provision of an exhaustive vary of merchandise and merchandise for kiranas and MSMEs, it mentioned.

Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, mentioned, “The acquisition of Walmart India adds a strong talent pool with deep expertise in the wholesale business that will strengthen our position to address the needs of kiranas and MSMEs uniquely.” — PTI

One-stop store

  • The new digital market — Flipkart Wholesale — will concentrate on assembly wants of kiranas and MSMEs by offering small companies a big selection at vital worth
  • Whether in grocery, common merchandise or trend, these companies can have one-stop entry to an intensive number of merchandise with enticing schemes and incentives

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