E-commerce firm buys Walmart’s India wholesale – News of Bahrain- DT News

E-commerce firm buys Walmart’s India wholesale – News of Bahrain- DT News

Bengaluru

Walmart-owned Flipkart will buy the U.S. retail giant's Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its offerings for mom-and-pop stores, the company said on Thursday. Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal, according to Reuters. Financial terms for the deal were not disclosed.