Flipkart Group bought Walmart India To Begin Flipkart Wholesale.

India’s leading e-commerce company Flipkart Group has bought Walmart India. Flipkart acquires 100% stake in Walmart India. With this, Flipkart is also bringing a new digital marketplace Flipkart Wholesale. This move will enable Walmart to take advantage of the strong wholesale capabilities of India and boost the growth of grocery and MSMEs. The move will also strengthen the company’s grocery business, which is becoming increasingly competitive.

Kalyan Krishnamurthy, Chief Executive Officer (CEO) of Filpkart Group said, “With the launch of Filpkart Wholesale, we will enhance our capabilities in technology, logistics and small businesses across the country.”

The Flipkart wholesale unit will be launched in August and will first have services for the grocery and fashion categories. Samir Aggarwal, Chief Executive Officer at Walmart India will remain with the company to ensure a smooth transition, after which he will move to another role within Walmart.