E-commerce firm buys Walmart's India wholesale
Bengaluru
Walmart-owned Flipkart will buy the U.S. retail giant’s Indian cash-and-carry wholesale business as the e-commerce firm looks to strengthen its offerings for mom-and-pop stores, the company said on Thursday. Flipkart, majority-owned by Walmart Inc, also announced the launch of Flipkart Wholesale as part of the deal, according to Reuters. Financial terms for the deal were not disclosed.
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