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Flipkart acquires Walmart India's wholesale biz to help transform kiranas

Flipkart says it would leverage the strong wholesale capabilities of the company and enable growth for kiranas and MSMEs

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Flipkart Wholesale will launch its operations in August 2020 and will pilot services for the grocery and fashion categories

Peerzada Abrar Bengaluru
Flipkart has strengthened its wholesale presence with the acquisition of Walmart India, which operates the Best Price cash-and-carry business.

Bengaluru-based Flipkart, in which Walmart Inc holds a majority, has announced the launch of Flipkart Wholesale — a new digital marketplace that looks to transform the kirana retail ecosystem by leveraging technology.

Walmart India, which runs 28 Best Price stores across nine states, has an estimated 3,500 employees. Following the acquisition, Walmart India employees will join the Flipkart group, while the Best Price brand will continue serving its 1.5 million members via its omni-channel network stores and e-commerce operations, the firm said.

“With the

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First Published: Jul 23 2020 | 12:57 PM IST

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