Flipkart acquires Walmart’s wholesale business

E-commerce business major Flipkart Group has gained 100% stake in Walmart India Pvt Ltd, which works the Best Price money and-convey business, and has launched Flipkart Wholesale, another advanced commercial center.

Flipkart Wholesale will launch its tasks in August and will direct administrations for the basic food item and style portion. The new business vertical will be going by Adarsh Menon, Flipkart veteran. Sameer Aggarwal, Walmart India CEO, will stay with the organization to guarantee a smooth change, at which point he will move to another job inside Walmart.

This converse securing of the business-to-business section of Walmart in India will help Flipkart to grow its impression in the food and staple portion and fortify it’s flexibly chain. Walmart India works 28 Best Price stores and has two satisfaction places.