Indian e-commerce company Flipkart Group acquires 100 percent stake in Walmart India that operates the best price cash and carry business. Flipkart launched a new digital marketplace, Flipkart Wholesale.

This move will give Flipkart the advantage to leverage a strong wholesale market of the company and enable growth for the kiranas and MSMEs and will also solidify the grocery business that is becoming highly competitive.

Kalyan Krishnamurthy, Group Chief Executive Officer, Flipkart, said that with this launch of Flipkart Wholesale, they will now increase their capabilities in technologies, logistics, and finance of small businesses in the country.

In August Flipkart Wholesale is due to launch and

will start grocery and fashion categories.

Flipkart Wholesale will be headed by Adarsh Menon – a veteran of Flipkart, Sameer Aggarwal, Chief Executive Officer, Walmart
India (to remain with the company for ensuring a hassle-free transition and later will move to Walmart with another role).

Krishnamurthy also said, “Walmart’s acquisition will add a strong talent pool with deep expertise in the wholesales. It will cement our position in addressing the demands of kiranas and MSMEs uniquely.”

Kiranas and MSMEs, which are central to India’s retail ecosystem and Flipkart Wholesale are now to focus on meeting the needs by providing small businesses a wide selection at a significant value.

Kiranas and MSMEs are going to have access to credit options and chances for firsthand income generation through numerous Flipkart ingenuities.

Best Price has more than 1.5 million members, which includes kiranas and additional MSMEs.

Judith McKenna, President and Chief Executive Officer of Walmart International, “Aimed at over a decade, we’ve been dedicated to India’s wealth by helping kiranas and MSMEs, supporting smallholder agriculturalists and building global tracing and technology centers throughout the country. Today marks the next big step as Walmart India’s ground-breaking cash-and-carry legacy encounters Flipkart’s philosophy of novelty in the launch of Flipkart Wholesale."

She stated that by leveraging each other’s fortes and exclusive expertise, the squad would break new ground in their shared mission to help Indian businesses grow and succeed.