• About
  • Contact
Saturday, April 17, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home News

Walmart planning To Sell Wholesale India Business To Flipkart

Pritish raj by Pritish raj
January 25, 2020
in News, Startup
2 min read
0
Flipkart Walmart Wholesale
Share on FacebookShare on Twitter
  • Walmart has switched to its own acquired e-commerce site, Flipkart, after it was unable to find a buyer for its wholesale business.
  • Flipkart is expected to buy a stake in cash and carry Business from its parent company Walmart according to an ET article citing sources. This move came after the talks of the Tata group with Walmart’s loss-making Wholesale company went nowhere.

Walmart has switched to its own acquired e-commerce site, Flipkart, after it was unable to find a buyer for its wholesale business. Flipkart is expected to buy a stake in cash and carry Business from its parent company Walmart according to an ET article citing sources. This move came after the talks of the Tata group with Walmart’s loss-making Wholesale company went nowhere.

Flipkart has tried to expand its presence in the online food and grocery market, and this acquisition of Walmart’s B2B sector could help meet the demand of unorganized segments in India. Flipkart is looking for the reverse acquisition of the B2B market which will operate in the B2B sector as its subsidiary. Once it complies with all regulatory requirements, the program would be put into motion.

Walmart India currently operates 28 wholesale best-price stores across India. Through these stores, Flipkart focuses on providing merchandise to India’s largely unorganized segments of Kirana and small shops.

Through sharing Walmart Warehouses, this online B2B enterprise will more effectively pay for the products directly to these suppliers.

Earlier, Flipkart took steps to ensure the success of this online food delivery model which includes Walmart and Flipkart’s strategic investment in Ninjacart. Ninjacart is a supply chain startup that can directly amplify the supply of fresh food from farmers to the company. It also took steps to improve delivery capabilities to hyperlocal Kirana stores by investing in Shadowfox, a network of last-mile B2B logistics providing tech-enabled delivery for e-commerce, restaurants, FMCG, pharmaceutical and online & offline retailers.

At the beginning of January, Walmart India made workforce restructuring by laying off more than 50 executives to concentrate on its omnichannel projects, as Krish Iyer, Walmart India’s president, and CEO, said. In India, Walmart is not doing well which he believed is the result of making further growth investment. The wholesale unit of the company generated revenue of Rs 4,065 crore but the real picture is shown by losses that rise to 171,68 crores compared to last year.

Previous Post

Patanjali Group Looks At ₹25K Crores Turnover In FY20

Next Post

Smartphone Growth In India Has Slowed Down To 7%: Counterpoint

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

boAt Raises Rs 50 Crore from Qualcomm Ventures
Media

boAt Raises Rs 50 Crore from Qualcomm Ventures

April 16, 2021
60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect
Case Study

60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect

April 16, 2021
Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License
Industries

Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License

April 16, 2021
Vahdam India Recorded a 110% YoY Growth in FY21
Food

Vahdam India Recorded a 110% YoY Growth in FY21

April 15, 2021
Swiggy to Raise $450 million from SoftBank Vision Fund
Food

Swiggy to Raise $450 million from SoftBank Vision Fund

April 15, 2021
Zeta in Advanced Talks with SoftBank to Raise at $1 Billion Valuation
Internet

Zeta in Advanced Talks with SoftBank to Raise at $1 Billion Valuation

April 15, 2021
Next Post
Smartphone:- Next big Brand

Smartphone Growth In India Has Slowed Down To 7%: Counterpoint

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

ShareChat Raised $502 Million at a Valuation of $2.1 Billion

ShareChat Raised $502 Million at a Valuation of $2.1 Billion

1 week ago
RIL Future Group Reliance Retail Business - Next Big Brand

RIL Closes Deal To Buy Stakes In Retail Business Of Future Group

10 months ago
Nestle

Nestle Gears Up To Launch Over A Dozen New Products!

2 years ago
Fashion everyday logo

Fashion Everyday – A place where all your fashion curiosities and wonderings will end

2 years ago

FOLLOW US

  • 33.7k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • boAt Raises Rs 50 Crore from Qualcomm Ventures
  • 60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect
  • Sachin Bansal’s Chaitanya India Fin Credit Applies for Universal Bank License

Instagram

Follow Me!

Latest News

boAt Raises Rs 50 Crore from Qualcomm Ventures

boAt Raises Rs 50 Crore from Qualcomm Ventures

April 16, 2021
60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect

60% of Indian CMOs to have budgets for influencer marketing in 2021:ClanConnect

April 16, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.