Flipkart to foray into food retail with new entity

E-commerce major Flipkart has registered a new entity Flipkart FarmerMart as the Walmart-owned company prepares to apply for a separate food retailing license soon, regulatory filings show.

The new venture will retail food products, manufactured and produced in India through offline and online distribution and set up infrastructure throughout India for efficiently undertaking retailing of food products in India, according to its Memorandum of Association filed with the Registrar of Companies.

The authorised equity capital of the company is Rs 1,845 crore, according to the regulatory filing.