B2B marketplace Flipkart Wholesale onboards Walmart India’s workforce

FILE PHOTO: The logo of Flipkart is seen on the company's office in Bengaluru, India, May 9, 2018. REUTERS/Abhishek N. Chinnappa/File photo

Flipkart Wholesale, the business-to-business marketplace of Indian homegrown e-commerce major Flipkart Group said that it will be onboarding 5000 employees of Walmart India, post the acquisition of the entity in July this year.

The 5000 employees that are full time in nature including store staff (management and non-management); will take on new roles, Flipkart said in a statement.

The e-tailer also added that the job offers made to employees at Walmart India have been aligned to corresponding roles at Flipkart in terms of compensation, responsibility and profiles based on industry best-practices, after consultation with external HR experts.

Apart from their current compensation, transitioning employees will also be allowed to participate in Flipkart Wholesale’s ESOP plan, and will be assigned a performance bonus structure, Flipkart said.

This reverse acquisition of the business-to-business segment of Walmart in India is expected to help Flipkart further expand its footprint in the food and grocery segment and strengthen its supply chain.

Walmart India operates 28 Best Price stores and has two fulfilment centres.

“As Flipkart prepares for the next decade, we will continue to focus on our people and to expand the talent pool, as we create products that set standards in the industry. With the right talent onboard, this B2B marketplace will leverage Flipkart’s strong homegrown technology capabilities and Walmart India’s unique understanding of the wholesale market in India to offer small businesses a compelling proposition to serve their customers better,” said Kalyan Krishnamurthy, chief executive officer (CEO) of Flipkart Group.

The platform which is targeted at fashion retailers, especially footwear and apparel, was launched initially in Gurugram, Delhi and Bengaluru, and has expanded the category to 23 cities since.

Flipkart Wholesale also has plans to add categories such as home, kitchen and grocery overtime.

“We now have the 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,” said Adarsh Menon, senior vice president and head of Flipkart Wholesale.

McMillon also added that during this ongoing pandemic, Flipkart has helped facilitate and address working capital of needs worth $450 million for several suppliers, giving a boost to the supply chain.

“Walmart and Flipkart are supporting small businesses with training for 50,000 micro, small and medium-sized enterprises through our ‘Walmart Ready’ programme in India, and providing technical assistance for MSMEs. Walmart and Flipkart look to strengthen local suppliers by offering support to Indian communities through local giving efforts. And we’re not just supporting manufacturers, we’re also supporting farmers,” McMillon said.

This article was first published on livemint.com.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.