Walmart’s Flipkart launches wholesale service for small businesses in India

REUTERS/Abhishek N. Chinnappa

India’s Flipkart launched an online wholesale service for mom-and-pop stores and other small businesses on Wednesday, as the Walmart-owned firm seeks to better compete with Amazon and other players in a battleground market for e-commerce.

Flipkart Wholesale“, also available as a smartphone app, currently sells apparel in the cities of Bengaluru, Gurugram and Delhi. It plans to expand to 20 more cities and also offer groceries by the end of the year, Flipkart said in a statement.

It also hopes to list more than 200,000 products in two months and have 50 brands and 250 local manufacturers in the next few days, the company added.

Flipkart, majority-owned by Walmart Inc, bought the U.S. retail giant’s wholesale business in India in July.

Amazon.com Inc and other e-commerce players including online grocery upstart JioMart – backed by billionaire Mukesh Ambani – have been wooing India’s mom-and-pop stores, considered the backbone of the economy.

Ambani’s Reliance Industries Ltd has raised over $20 billion this year from global investors including Facebook and Alphabet’s Google for its digital arm, which is expected to support JioMart.

Flipkart Wholesale” will face competition from similar services from Amazon and other firms including Tencent-backed startup Udaan.

Reuters

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.

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.