Indian e-commerce giant Flipkart buys back logistics arm from WS Retail ahead of possible IPO

Indian e-commerce giant Flipkart buys back logistics arm from WS Retail ahead of possible IPO

Binny Bansal (left) and Sachin Bansal, founders of Flipkart. Since 2013, Flipkart has been slowly shifting to a marketplace model, where it connects customers to thousands of third-party sellers. Photo: Hemant Mishra/Mint

India’s largest e-commerce firm Flipkart Ltd has bought back its logistics business from WS Retail Services Pvt. Ltd, the largest seller on its platform, and a company with which it has close links, in an effort to simplify its structure ahead of a possible share sale a few years later.

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