Walmart and its India unit Flipkart have allied with the National Small Industries Corporation. (NSIC) to jointly accelerate capacity building for micro, small, and medium enterprises (MSMEs) across India. The partnership will also support MSMEs in their journey to become part of retail supply chains, locally and globally. Tens of thousands...
Flipkart to Expand Warehousing Infrastructure
Walmart-owned online e-commerce company Flipkart announced plans to add more than 800,000 square feet of space and 5 new fulfillment centers to strengthen its grocery supply chain infrastructure. These centers will be located at Delhi, Kolkata, Chennai, Coimbatore and Hyderabad over the next three months. The additional capacity will help...
Walmart International’s India Business on Growth Trajectory
Bentonville, Arkansas-based Walmart's two acquisitions in India -- e-commerce firm Flipkart and digital payments firm PhonePe -- have emerged stronger with the adoption of digital technologies during the coronavirus health crisis in India. The company also operates a small chain of "wholesale stores" in India, which sell to the retail...
Flipkart, Amazon Report $4.3 Billion in Festive Sales in India
During the 15-day festival period of Diwali in October, India’s top two web retailers Flipkart (in which Walmart is a majority stake holder), and Amazon clocked a combined sales figure of $4.3 billion. The festive sale period helps etailers shore up sales as this is when consumers plan large-value purchases...
Walmart Labs Acquires Two Tech Startups in India
Walmart Labs, the technology arm of Bentonville, Arkansas-headquartered Walmart, acquired two startups based in India to strengthen its customer service systems. Bangalore-based FloCare, a health tech firm, is one of them. It builds products and technologies that enables seniors to access affordable and scalable healthcare services. The company, co-founded by a...
Walmart India Adopts New Sales Strategy
Bentonville, Arkansas-based Walmart's plan to crack India's giant consumer market, compete with Amazon.com Inc., and Asia’s richest man, Mukesh Ambani of Reliance Industries -- who has announced plans to launch his own e-commerce initiative -- is to collaborate with the neighborhood stores. Twelve million neighborhood stores across India account for...