Flipkart to Acquire Walmart’s India Wholesale

Flipkart to Acquire Walmart’s India Wholesale

Published July 24th, 2020 - 03:00 GMT

































Highlights





Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal, according to Reuters.















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.











Via SyndiGate.info

Publishing Rights Reserved to Bahrain News Agency © 2003 - 2020







You may also like









































Subscribe



Sign up to our newsletter for exclusive updates and enhanced content