Flipkart Group to acquire Walmart’s loss-making cash and carry business in India
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Flipkart Group is set to acquire the loss-making wholesale cash-and-carry business of its controlling firm and US retail behemoth Walmart in India. Flipkart, which has been piloting an online B2B business for the past few months, aims to use Walmart’s B2B business to serve unorganised segments demand through the move. The homegrown e-commerce marketplace is reportedly looking at the reverse acquisition of Walmart’s B2B business.