Flipkart To Acquire WalMart India's Wholesale Business

Flipkart group announced the launch of Flipkart Wholesale, a new digital market place and the acquisition of 100 percent interest in Wal Mart India Private Limited, which operates the Best Price cash- and- carry business.

Kiranas and MSMEs are the central to India’s retail ecosystem and Flipkart Wholesale will focus on meeting their needs by providing small business a wide selection at significant value, the company said in a statement.

It also comes at a time when India’s ecommerce battle is being redrawn with Reliance JioMart's plans to leverage its telecom reach to propel online commerce.

The etailer will launch its Flipkart Wholesale unit next month, starting with fashion and grocery categories, opening doors to competing directly with other deep-pocketed players like JioMart, Udaan, Metro Cash & Carry, and Amazon’s B2B division.

The event comes as Reliance Retail seems to herald strategic and monetary buyers after the document $20-billion fund-raise by Mukesh Ambani for his telecom enterprise.

The current capital infusion of $1.2 billion by Walmart in Flipkart reveals there may be room for a number of enlargement if JioMart’s execution of development plans enhance and investor scepticism reduces, the report famous. JioMart, in accordance with an individual conscious of the matter, can also be ramping up its kirana on-boarding in non-metro cities as a part of the acceleration of the brand new commerce initiative.

Sandip Ginodia , CEO

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