“A thing we saw through COVID-19 (outbreak) was kiranas are shopping in more omnichannel ways than before.At the same time, partners will benefit from broader reach across the country, micro-market insights to enable effective inventory planning and new product development, and cost-effective distribution.Sameer Aggarwal, Chief Executive Officer at Walmart India, will remain with the company to ensure a smooth transition, after which he will move to another role within Walmart.Kiranas and MSMEs will also benefit from access to easy credit options and opportunities for new income generation through various Flipkart initiatives, creating new ways to catalyse growth, he added.Meanwhile, Walmart Inc continues to operate a separate technology unit in the country under Walmart Labs India. What that tells us is that kiranas are very open to shopping both online and offline,” Walmart India CEO Sameer Aggarwal said.The move will further intensify competition with Flipkart’s rival Amazon that has a similar offering for the B2B segment.The announcement comes a week after Flipkart had said it had raised USD 1… The capabilities are complimentary. 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 USD 650 billion B2B retail market in India.Within that, online will get a disproportionate share of growth.“This marketplace is going to effectively link sellers and manufacturers on one end and kiranas and micro, small and medium enterprises (MSMEs) on the other end,” Flipkart Senior Vice President and Head – Flipkart Wholesale Adarsh Menon told PTI.“.Walmart, the world’s biggest retailer, had entered India through a partnership with Bharti Enterprises for a cash-and-carry business that allows small businesses, kirana stores and hotels to buy in bulk.He added that kiranas will remain big, and organised B2B will account for a bigger part of retail.Walmart India was a wholly-owned subsidiary of Walmart Inc, and is estimated to have about 3,500 employees.The Best Price cash-and-carry business will continue to serve its over 1.Walmart India runs 28 Best Price wholesale stores in the country. Walmart India has a new cash-and-carry store coming up in Tirupati in the next few months.These businesses will have one-stop access to an extensive selection of products with attractive schemes and incentives, supplemented with data-driven recommendations for stock selection, delivered through a fast and reliable network to drive greater efficiencies and better margins, Menon said. This move recognises the critical role that kiranas and MSMEs play towards India’s economic prosperity and growth,” he said. To start with, we will be focusing on USD 140 billion of that USD 650 billion, which is largely the categories of fashion, grocery, general merchandise, large and small electronics,” Menon said. Inside a Walmart India Best Price Store.In 2013, the two companies went separate ways and Walmart continued to scale the cash-and-carry business in India on its own. In our Best Price business, we had a 4X increase in e-commerce within our business, which is primarily brick and mortar. end-of Tags: walmart india, flipkart, amazon, wholesale, kirana stores.2 billion in funding from a Walmart-led investor group.Employees of Walmart India business will join the Flipkart Group and the home office teams will integrate over the next year, the companies coated fabric product for sale said in a statement. In 2018, Walmart Inc had invested USD 16 billion for acquiring 77 per cent stake in the group.“The B2B market for finished goods is estimated to be worth USD 650 billion.The acquisition will help strengthen the capabilities to address the requirements of kirana and MSMEs, he said.5 million members via its omnichannel network of 28 stores in nine states and e-commerce operations.Flipkart Wholesale will launch its operations in August, and will be headed by Menon.Flipkart Wholesale is a new digital marketplace focusing on addressing the business-to-business (B2B) segment in India.Flipkart to enter wholesale space, buys Walmart India’s business The move will further intensify competition with Flipkart’s rival Amazon that has a similar offering for the B2B segment
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