Flipkart Starts Wholesale E-Commerce Service in India
India’s Flipkart introduced an internet wholesale carrier for mom-and-pop retail outlets and different small companies on Wednesday, because the Walmart-owned company seeks to higher compete with Amazon and different gamers in a battleground marketplace for e-commerce.
Flipkart Wholesale, additionally to be had as a smartphone app, lately sells attire within the towns of Bengaluru, Gurugram and Delhi. It plans to increase to 20 extra towns and in addition be offering groceries via the top of the yr, Flipkart stated in a observation.
It additionally hopes to listing greater than 200,000 merchandise in two months and feature 50 manufacturers and 250 native producers in the following few days, the corporate added.
Flipkart, majority-owned via Walmart, bought the USA retail large’s wholesale industry in India in July.
Amazon and different e-commerce gamers together with on-line grocery upstart JioMart, subsidized via billionaire Mukesh Ambani, were wooing India’s mom-and-pop retail outlets, thought to be the spine of the economic system.
Ambani’s Reliance Industries has raised over $20 billion (more or less Rs. 146,199 crores) this yr from international traders together with Facebook and Alphabet’s Google for its virtual arm, which is predicted to strengthen JioMart.
Flipkart Wholesale will face festival from identical products and services from Amazon and different companies together with Tencent-backed startup Udaan.
© Thomson Reuters 2020
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