Friday, 24 March, 2023

Flipkart acquires Walmart India to launch Flipkart Wholesale

<p>Flipkart has acquired a 100% stake in Walmart India to launch Flipkart Wholesale. It will be retailers&rsquo; 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&rsquo; tasks. Launching next month, Flipkart Wholesale will initially offer services in grocery, fashion. During its 43rdAGM, RIL formally announced a similar platform &ndash; JioMart.</p>