Flipkart has acquired a 100% stake in Walmart India to launch Flipkart Wholesale. It will be retailers’ one-stop access to a wide range of products with schemes and incentives. Data-driven recommendation system for stock selection with the fast and reliable delivery network will ease retailers’ tasks. Launching next month, Flipkart Wholesale will initially offer services in grocery, fashion. During its 43rdAGM, RIL formally announced a similar platform – JioMart.

Click here to read the full story