Flipkart announced that it will acquire 100% of the Best Price cash-and-carry business that was operated by Wal-Mart India Private Limited. The current 28 stores as well as the e-commerce channels will remain operational, servicing their 1.5+ million members. However, this will lead to the launch of Flipkart Wholesale, a new digital marketplace aimed at kirana stores (small mom-and-pop shops) as well as Micro, Small and Medium Enterprises (MSME). The pilot run of Wholesale will begin next month and will focus on the grocery and fashion categories. Going forward, the goal is to help...
Source: https://www.gsmarena.com/flipkart_acquires_walmarts_best_price_stores_in_india_to_launch_flipkart_wholesale-news-44419.php
