Flipkart launches Flipkart Wholesale, entering B2B sector

According to a press release by Flipkart, ” (Flipkart)Acquires a 100% interest in Walmart India, which operates the Best Price cash-and-carry business to strengthen capabilities and business-to-business service offering.

According to a press release by Flipkart, ” (Flipkart)Acquires a 100% interest in Walmart India, which operates the Best Price cash-and-carry business to strengthen capabilities and business-to-business service offering; Will leverage talent, strong technology backbone, deep merchandising expertise and logistics infrastructure to accelerate growth and prosperity for kiranas and MSMEs.”
This was announced along with the announcement of the launch of Flipkart Wholesale, to be operational since August 2020.

Flipkart Wholesale will be the company’s B2B venture, hoping to leverage India’s massive retail sector and growing technological awareness.

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Adarsh Menon, Senior Vice President and Head – Flipkart Wholesale said, “Flipkart Wholesale will further deepen and build on Walmart India and the Flipkart Group’s commitment to kiranas and MSMEs over the last several years. Thousands of kiranas have already partnered with Flipkart to enhance their business and income streams. I am excited to be part of this new initiative that allows us to expand opportunities for growth for them and bring further prosperity to their lives. We will leverage the synergies between Flipkart and Walmart India as we stay focused on transforming the wholesale experience for kiranas and MSMEs.”