Flipkart acquires Walmart India business
Bengaluru, July 23
The Flipkart Group on Thursday announced the launch of Flipkart Wholesale, a new digital marketplace, and the acquisition of 100% interest in Walmart India Private Limited, which operates Best Price cash-and-carry business.
Kiranas and MSMEs are central to India’s retail ecosystem and Flipkart Wholesale will focus on meeting their needs by providing small businesses a wide selection at significant value, the company said.
“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 said.
Best Price currently supports more than 1.5 million members, including kiranas and other MSMEs.
Top Indian brands, local manufacturers and sellers have partnered with Flipkart Wholesale to ensure the availability of an exhaustive range of products and merchandise for kiranas and MSMEs, it said.
Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, “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 shop
- The new digital marketplace — Flipkart Wholesale — will focus on meeting needs of kiranas and MSMEs by providing small businesses a wide selection at significant value
- 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
