Walmart India | Pixr8 News

23Jul By Press Trust of IndiaNo Comments

INDIA

Flipkart acquires Walmart India, to launch Flipkart Wholesale for B2B segment in August

Bengaluru, 23rd July 2020: Flipkart announced the acquisition of Walmart India for an undisclosed amount, and said it will launch ‘Flipkart Wholesale’ next month, as the homegrown e-commerce major looks to tap into the USD 650 billion B2B retail markets in India. Walmart India runs 28 Best Price wholesale stores in the country. The announcement comes a week after Flipkart had said it had raised USD 1.2 billion in funding from a Walmart-led investor group. In 2018, Walmart Inc had invested USD 16 billion for acquiring 77 percent stake in the group. Flipkart Wholesale is a new digital marketplace focusing on addressing the business-to-business (B2B) segment in India. “This marketplace is going to effectively link sellers and manufacturers on one end and kiranas and micro, small ...

6Apr By NitishNo Comments

INDIA

Walmart India Encourages Customers to Order Online

Walmart India, which operates in the cash-and-carry format encouraging its users to buy online to avoid the rush on the streets amid the rise of coronavirus cases in the country. The company is witnessing an increase in the number of orders placed through its website and app and have added more capacity to serve them, said Walmart India in a statement. However, Walmart, like other retailers, is also facing challenges in getting sufficient supplies of the goods due to production shortages from the manufacturers and continued bottleneck in logistics and transportation due to lockdown. It is working closely with its suppliers and with the local authorities to minimise and address these challenges, it added. Besides, the company is also facing challenges in terms of shortage of ma...

Walmart India elevates Sameer Aggarwal as CEO

25Mar By AnkitaNo Comments

News

Walmart India elevates Sameer Aggarwal as CEO

Walmart India has elevated Sameer Aggarwal as its CEO and the appointment will be effective from April 1. Aggarwal succeeds Krish Iyer who is set to retire on March 31. Iyer would get into the advisory role from full-time management of Walmart India after leading the retail major for eight years. Aggarwal, who was elevated as Deputy CEO earlier in January this year, has now been promoted to Chief ExecutiveOfficer of Best Price, Walmart India, effective from April 1, Walmart said in a statement. Aggarwal will directly report to Walmart Executive Vice President and Regional CEO of Asia and Global Sourcing Dirk Van den Berghe. "Sam (Aggarwal) has done a fantastic job in the past two years. He led the charge to make our proposition more customer centric, developing digital offerin...

Walmart to Launch 30 Stores In Next 3 Years In India

23Jul By AnkitaNo Comments

News

Walmart to Launch 30 Stores In Next 3 Years In India

US-based multinational retailing corporation Walmart is planning to open nearly 30 new wholesale cash-and-carry stores in the next three years in India, basically in Uttar Pradesh (UP) and Uttarakhand, mentioned by the top company official. Walmart India, the wholly owned subsidiary of Walmart Inc, has inaugurated its second B2B fulfilment centre (FC) in Lucknow. It is set to accelerate the growth of its store network in the country. Walmart India President and CEO Krish Iyer mentioned that “We would launch two stores this year, eight stores next year and 10 stores a year after that, Walmart has plans to add 50 stores in the next five to seven years." Besides, the company has a signed memorandum of understanding (MoU) with the government of UP to have 15 stores in the next few yea...

4Jun By Lavina TolaniNo Comments

BUSINESS

Walmart India To Scale up Kirana Store Business post Flipkart Deal

US-based giant, Walmart is gearing up to scale its "Mera Kirana Programme" and make it part of its main business in India while opening up new fulfilment centre to expand its foothold in the country. Notably, the e-retailer has been piloting the Mera Kirana Programme from last four years and now wants to include it in its mainstream business. The programme helps small grocery stores modernise. Moreover, as per the sources, the company is also looking forward to opening a "dark store" or warehouse, in Lucknow over the next month or so. Mera Kirana is focused on creating zones in the Best Price Wholesale stores which resemble a modern kirana store. It is a kind of model for mom-and-pop (kirana) store owners to replicate when it comes to assortment and placement. Rajneesh Kumar, Chie...