Flipkart Group might acquire Walmart’s cash & carry India biz

Flipkart Group might acquire Walmart’s loss-making B2B wholesale store Best Price Modern Wholesale.

As per ET, the reverse acquisition will help Flipkart to expand its footprint in the food and grocery segment and strengthen its supply chain in India. Moreover, Flipkart will also share Walmart’s warehouse, which will help in fulfilling grocery orders for the company.

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