In July, Flipkart strengthened its wholesale presence with the acquisition of Walmart India, which operates the Best Price cash-and-carry business. Flipkart, in which Walmart Inc holds a majority, had announced the launch of Flipkart Wholesale — a new digital marketplace that looks to transform the kirana retail ecosystem by leveraging technology.
Flipkart said its people-centric approach has taken into account key employee first principles during the integration process. It said this includes continuity of service, fair treatment, compensation parity and above all wealth creation opportunities for all employees. Over 5000 employees that constitute full-time employees, store staff (management and non-management); are set to take on their new roles that come with the promise of better career growth opportunities, according to Flipkart.
Flipkart Wholesale said it is committed to bringing its scale and expertise to customers such as kiranas, MSMEs
(micro, small and medium enterprises) and HoReCas (hotel, restaurant and cafe) driving better business performance and growth, while giving brands (national and international) access to a broader market and higher return on investment.
Adarsh Menon, senior vice president and head of Flipkart Wholesale said the company has now combined strength of the talent from both Flipkart and Walmart that are geared to unlock the potential of technology to bring prosperity to the retail ecosystem. “Our focus on small businesses, providing them with attractive schemes and incentives, supplemented with data-driven recommendations for stock selection, delivered through a fast and reliable network to drive greater efficiencies and better margins- are a true differentiator,” said Menon.
Over the past few months, Flipkart Wholesale has launched fashion in 23 cities across the country and will expand into new categories such as grocery in the coming months.