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Flipkart acquires Walmart India, Flipkart Wholesale is born
July 23, 2020
The move will help Flipkart strengthen grocery and food business which is getting increasingly competitive.
Indian e-commerce company Flipkart has required 100% stake in Walmart India. The move will enable Flipkart to launch Flipkart Wholesale, a digital market place. The Flipkart wholesale will strengthen flipkart’s position in the highly competitive grocery and food delivery business.
“With the launch of Flipkart Wholesale, we will now extend our capabilities across technology, logistics and finance to small businesses across the country,” Flipkart Group Chief Executive Officer Kalyan Krishnamurthy said.
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