Walmart’s Flipkart To Acquire Retail Giant’s Indian Stores
PYMNTS
JULY 23, 2020
Walmart is selling its 28 stores and eCommerce operations in India to Flipkart Group , the online marketplace it controls. The stores operate like warehouse clubs, serving independent retailers and other small businesses. With the sale, Flipkart will gain 5,200 employees. billion in a venture funding round led by Walmart.
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