In final stages of consolidating Walmart India operations, says Flipkart Wholesale

Flipkart Wholesale on Thursday said it is in final stages of consolidating Walmart India within its operations, and has extended offers to all employees of Walmart India’s Home Office to join the digital business-to-business (B2B) marketplace.

In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launch of ‘Flipkart Wholesale’ to tap into the $650 billion B2B retail market in India.

In 2018, Walmart Inc invested $16 billion for acquiring 77 per cent stake in Flipkart, and earlier this year, led a $1.2 billion funding round in the e-commerce company.

During a town hall meeting on Thursday, Flipkart Wholesale Head and Senior Vice-President Adarsh Menon shared the company’s focus on the technology-led transformation of B2B commerce and value proposition to help under-served businesses prosper, along with the company’s people-centric growth orientation for employees.