Flipkart acquires Walmart India, launches Flipkart Wholesale
E-commerce performer Flipkart Group has developed a 100 percent stake in Walmart India, which functions the Best Price cash-and-carry commercial, and launched an innovative digital square, Flipkart Wholesale.
The transfer will allow Flipkart to influence the strong across-the-board capabilities of the company and enable growth for kiranas and MSMEs. It will also reinforce the grocery commercial that is attaining progressively competitive.
“With the launch of Flipkart Wholesale, we will now extend our capabilities across technology, logistics, and finance to small businesses across the country,” Flipkart Group Chief Executive Officer Kalyan Krishnamurthy said.