Walmart-owned Flipkart will launch its wholesale business in the upcoming quarter, two sources directly aware of the development said, as it gears up to take on Amazon’s B2B division, Reliance’s Market and Tencent-backed Udaan, apart from other vertical eCommerce startups.
Flipkart has over the last few months ramped up its supply chain capabilities and engagements with manufacturers in the runup to the launch. The company is also running a pilot FMCG project supplying to Kirana (corner) stores in the Delhi NCR region, one of the sources said.
“Flipkart will focus on FMCG and fresh foods categories, to begin with, and over time, build the electronics and fashion category,” the source added.
Flipkart's wholesale unit may go live next quarter
The move comes at a time when Flipkart’s parent Walmart has let go of more than 100 senior executives, including vice presidents, across sourcing, agri-business, and the fast-moving consumer goods B2B divisions. Speculation has been rife that Flipkart would eventually merge with Walmart’s wholesale cash and carry business in India, which has been incurring heavy losses over the years.
Flipkart has over the last few months ramped up its supply chain capabilities and engagements with manufacturers in the runup to the launch. The company is also running a pilot FMCG project supplying to Kirana (corner) stores in the Delhi NCR region, one of the sources said.
“Flipkart will focus on FMCG and fresh foods categories, to begin with, and over time, build the electronics and fashion category,” the source added.
Flipkart's wholesale unit may go live next quarter
The move comes at a time when Flipkart’s parent Walmart has let go of more than 100 senior executives, including vice presidents, across sourcing, agri-business, and the fast-moving consumer goods B2B divisions. Speculation has been rife that Flipkart would eventually merge with Walmart’s wholesale cash and carry business in India, which has been incurring heavy losses over the years.
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