With this development, the Flipkart Group will further build upon the synergies across its businesses to drive greater value and choice for end-consumers and businesses alike.” The acquisition of Walmart India adds a strong talent pool with deep expertise in the wholesale business that will strengthen our position to address the needs of kiranas and MSMEs uniquely. With the launch of Flipkart Wholesale, we will now extend our capabilities across technology, logistics and finance to small businesses across the country. Kalyan Krishnamurthy, Chief Executive Officer, Flipkart Group, said, “As the e-commerce pioneer in India, the Flipkart Group has transformed the shopping experience for millions of Indian consumers. At the same time, partners will benefit from broader reach across the country, micro-market insights to enable effective inventory planning and new product development and cost-effective distribution. Top Indian brands, local manufacturers and sellers have partnered with Flipkart Wholesale to ensure the availability of an exhaustive range of products and merchandise for kiranas and MSMEs. Flipkart Wholesale will continue Best Price’s legacy of developing technology tools and ecosystem partnerships to help Indian commerce unlock its potential. One of India’s largest cash-and-carry businesses, Best Price currently supports more than 1.5 million members, including kiranas, hospitality and catering businesses and other MSMEs, and has long-standing supplier diversity and development programs built over its more than 12 years of operation. ![]() Flipkart Wholesale will draw on the merchandising experience of the Walmart India team, its strong relationships with brands and its deep DNA of servicing kiranas. The business will also utilize the Flipkart Group’s vast supply chain infrastructure to reach kiranas and MSMEs across the country. These opportunities are especially relevant at this time as kiranas and MSMEs work towards achieving scale and profitability following the COVID-19 pandemic.įlipkart Wholesale will leverage Flipkart’s strong homegrown technology capabilities, extensive leadership in the consumer e-commerce segment and unique understanding of the industry in India. ![]() In addition, kiranas and MSMEs will benefit from access to easy credit options and opportunities for new income generation through various Flipkart initiatives, creating new ways to catalyze growth. ![]() ![]() Whether in grocery, general merchandise or fashion, these businesses will have one-stop access to an extensive selection of products with attractive schemes and incentives, supplemented with data-driven recommendations for stock selection, delivered through a fast and reliable network to drive greater efficiencies and better margins. Flipkart Wholesale will focus on meeting their needs by providing a wide product selection at significant value, powered by technology to make their lives easier. Kiranas and MSMEs are central to India’s retail ecosystem, with around 12 million kirana stores serving neighborhoods throughout the country. The launch and acquisition follow the recent announcement of a new $1.2 billion equity round, valuing the Flipkart Group at $24.9 billion post-money. As part of this launch, the Group also announced the acquisition of 100% interest in Wal-Mart India Private Limited, which operates the Best Price cash-and-carry business, to leverage the strong wholesale capabilities of the company and enable growth and prosperity for the nation’s kiranas and micro-, small- and medium-sized enterprises (MSMEs). BENTONVILLE, Ark., BANGALORE, India - JThe Flipkart Group, India’s homegrown e-commerce group, today announced the launch of Flipkart Wholesale, a new digital marketplace that will help transform India’s retail ecosystem by leveraging cutting-edge and locally developed extensive leadership in the consumer e-commerce segment and technology for the country’s mom-and-pop “kirana” grocery stores and other small retailers.
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