Flipkart Starts Wholesale E-Commerce Service in India

India’s Flipkart launched a web-based wholesale service for mom-and-pop shops and different small companies on Wednesday, because the Walmart-owned agency seeks to higher compete with Amazon and different gamers in a battleground marketplace for e-commerce.

Flipkart Wholesale, additionally accessible as a smartphone app, at present sells attire in the cities of Bengaluru, Gurugram and Delhi. It plans to broaden to twenty extra cities and likewise supply groceries by the top of the 12 months, Flipkart mentioned in an announcement.

It additionally hopes to listing greater than 200,000 merchandise in two months and have 50 manufacturers and 250 native producers in the subsequent few days, the corporate added.

Flipkart, majority-owned by Walmart, purchased the US retail big’s wholesale enterprise in India in July.

Amazon and different e-commerce gamers together with on-line grocery upstart JioMart, backed by billionaire Mukesh Ambani, have been wooing India’s mom-and-pop shops, thought of the spine of the economic system.

Ambani’s Reliance Industries has raised over $20 billion (roughly Rs. 146,199 crores) this 12 months from world traders together with Facebook and Alphabet’s Google for its digital arm, which is anticipated to assist JioMart.

Flipkart Wholesale will face competitors from related providers from Amazon and different companies together with Tencent-backed startup Udaan.

© Thomson Reuters 2020


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