
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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