E-commerce player Flipkart Group has acquired 100% stake in Walmart India
E-commerce player Flipkart Group has acquired 100% stake in Walmart India|Twitter
NATIONAL

Flipkart acquires Walmart India's wholesale business

Flipkart will launch a new digital marketplace Flipkart Wholesale next month, with fashion and grocery categories

Team EastMojo

Team EastMojo

New Delhi: In a swift move to scale its business-to-business vertical, e-commerce player Flipkart has acquired 100% stakes in Walmart India, which operates Best Price cash-and-carry business.

Flipkart will launch a new digital marketplace, Flipkart Wholesale next month, with fashion and grocery categories, competing directly with other significant players like Reliance JioMart, Udaan, Metro Cash & Carry, and Amazon’s B2B division.

The segment will be headed by Adrash Menon, and Sameer Aggarwal, Chief Executive Officer at Walmart India, will remain with the company.

The acquisition of Walmart India will strengthen our position to address the needs of kiranas and MSMEs, said Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group.

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