Flipkart buys parent Walmart’s Indian wholesale business

Laveta Brigham

BENGALURU (Reuters) – India’s Flipkart said on Thursday it had acquired parent Walmart Inc’s <WMT.N> local cash-and-carry business, as the e-commerce firm strengthens its wholesale offerings to compete better with Amazon.com Inc <AMZN.O>. The deal will allow Flipkart to launch a digital marketplace called Flipkart Wholesale next month, the Bengaluru-headquartered […]