Walmart India is being bought by Flipkart, Launches Flipkart Wholesale

Walmart India is being bought by Flipkart, Launches Flipkart Wholesale

Flipkart Group, the E-Commerce company, held a 100% interest in the Best Price Cash-and-Carrying firm, Walmart India, and introduced Flipkart Wholesale, a new digital marketplace.

Flipkart will use the company’s strong wholesale capabilities and help Kirana and MSMEs expand. This will also support the highly competitive food industry.

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

A pilot service for foods and apparel categories will be launched by Flipkart Wholesale in August.

Adarsh Menon, a Flipkart veteran, will direct him. In order to ensure a smooth transition, the CEO of Walmart India, Sameer Aggarwal will remain with the company and will move on to Walmart ‘S new position.

“Walmart India ‘s acquisition offers a large pool of talent with broad wholesale experience to improve our role for addressing the requirements of kiranas and middle enterprises,” said Krishnamurthy.

Kiranas and MSMEs are a key industry in India and Flipkart Wholesale focuses on fulfilling their needs by providing small businesses with a wide range of essential items.

Furthermore, through many Flipkart projects, kiranas and MSMEs will have access to credit options and new incomes generation opportunities.
Price includes over 1.5 million owners, kiranas and other MSMEs.

“While serving Kiranas and MSMs, helping smallholders and establishing worldwide outlets, development hubs all over the globe, we have been committed to Indian prosperity for over a decade.

The next big move is Walmart India ‘s revolutionary cash-and – carry legacy as it launches Flipkart Wholesale, “says Walmart International Chairwoman and Chief Executive Officer Judith McKenna.

The team will jump into its common mission to help Indian businesses grow and succeed by leveraging each other in their strengths and unique expertise, she said.

Walmart India is being bought by Flipkart, Launches Flipkart Wholesale

Rajat Singh
Rajat Singh is the chief Author at Bioinformatics India, he has been writing for the past 3 years and has a special interest in SEO, Technology, Health, Life Sciences and gaming.

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