infotechlead

Flipkart Wholesale business goes live in select cities

Flipkart has launched an online wholesale service for mom-and-pop stores and other small businesses, as the Walmart-owned firm aims to compete with Amazon and other players in a battleground market for e-commerce.
Flipkart India e-commerce“Flipkart Wholesale, also available as a smartphone app, currently sells apparel in Bengaluru, Gurugram and Delhi. It plans to expand to 20 more cities and also offer groceries by the end of the year, Flipkart said in a statement.

It also hopes to list more than 200,000 products in two months and have 50 brands and 250 local manufacturers in the next few days, the company added.

Flipkart, majority-owned by Walmart Inc, bought the U.S. retail giant’s wholesale business in India in July.

Amazon.com and other e-commerce players including online grocery upstart JioMart – backed by billionaire Mukesh Ambani – have been wooing India’s mom-and-pop stores, considered the backbone of the economy.

Ambani’s Reliance Industries has raised over $20 billion this year from global investors including Facebook and Alphabet’s Google for its digital arm, which is expected to support JioMart.

“Flipkart Wholesale will face competition from similar services from Amazon and other firms including Tencent-backed startup Udaan.

Latest

More like this
Related

What’s the size of global digital commerce spend

Global digital commerce spend is projected to reach $34...

Google faces $567 mn lawsuit by ecommerce firm Allegro

Allegro’s subsidiary, Ceneo, has filed a lawsuit against Google...

Amazon workers at US facilities stage walkout during shopping season

Amazon workers at seven U.S. facilities staged a walkout...

Top 10 facts about Black Friday sales in the United States

The latest Reuters news report has revealed consumer buying...