New Delhi: Flipkart on Thursday announced the acquisition of Walmart India for an undisclosed amount, and said it will launch ‘Flipkart Wholesale’ next month, as the homegrown e-commerce major looks to tap into the $650 billion B2B retail market in India.
Walmart India runs 28 Best Price wholesale stores in the country.
The announcement comes a week after Flipkart had said it had raised $1.2 billion in funding from a Walmart-led investor group. In 2018, Walmart Inc had invested $16 billion for acquiring 77 per cent stake in the group.
Read More ... Flipkart acquires Walmart India for undisclosed amount
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