Flipkart acquires Walmart India, to launch 'Flipkart Wholesale' in August

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Flipkart acquires Walmart India, to launch 'Flipkart Wholesale' in August

Flipkart has acquired Walmart India for an undisclosed amount, and has said that it will launch 'Flipkart Wholesale' next month, as the homegrown e-commerce major looks to tap into the USD 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 USD 1.2 billion in funding from a Walmart-led investor group.

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