Flipkart buys Wal-Mart India; launches Flipkart Wholesale

The Flipkart Group, India’s homegrown e-commerce group, has launched Flipkart Wholesale, a new digital marketplace that will help transform the kirana retail ecosystem in India by leveraging cutting-edge and locally developed technology. As part of the launch, the Group also announced the acquisition of 100 per cent interest in Wal-Mart India Pvt Ltd.

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Walmart India operates the Best Price cash-and-carry business, and its acquisition will help Flipkart to strengthen capabilities and business-to-business service offering, by leveraging the strong wholesale capabilities of the company.