Flipkart acquires Walmart India; launches Flipkart Wholesale

[Bapun]

E-commerce major Flipkart Group has acquired 100% stake in Walmart India Pvt Ltd, which operates the Best Price cash-and-carry business, and has launched Flipkart Wholesale, a new digital marketplace.

Flipkart Wholesale will launch its operations in August and will pilot services for the grocery and fashion segment. The new business vertical will be headed by Adarsh Menon, Flipkart veteran. Sameer Aggarwal, Walmart India CEO, will remain with the company to ensure a smooth transition, after which time he will move to another role within Walmart.

Flipkart acquires Walmart India’s wholesale business

 

[Bapun]

Flipkart on Wednesday launched a B2B wholesale service, after first announcing it in July when it had acquired Wal-mart India. Called Flipkart Wholesale, the platform — accessible via an Android app — is currently available for fashion retailers, especially footwear and apparel, in Gurugram, Delhi and Bengaluru. The company is planning to expand to Mumbai as well. By the end of this year, the company is hoping to scale the service to 20 more cities and in categories such as home and kitchen and grocery.

Flipkart's wholesale e-commerce service goes live in Gurugram, Delhi, & Bengaluru