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Flipkart in talks to buy Indian grocery chain Namdhari's Fresh: Report

Both companies had held talks, one source familiar with the matter told Reuters

Reuters  |  Bengaluru 

Flipkart
A Common myna sits next to the logo of India's e-commerce firm Flipkart installed on the company's office in Bengaluru | Photo: Reuters

Inc-owned firm is in talks to buy Indian Namdhari's Fresh, CNBC-reported on Wednesday, citing sources.

Namdhari's operates over 30 stores in the southern city of Bengaluru, and the acquisition will help expand its and grocery segment, the report added.

Both had held talks, one source familiar with the matter told Reuters, adding that it was not immediately clear if it would result in a deal.

A said the company had no comments.

acquired about 77 percent of Flipkart for roughly $16 billion last year, beefing up the competition to in the fast growing Indian market.

and Namdhari's did not immediately respond to Reuters' requests for comment.

First Published: Wed, May 01 2019. 21:53 IST
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