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News of Bahrain
Business23 July 20201 min read

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 la

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Published 23 July 2020, 8:00 · Updated 21:26

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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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