Ease of Doing Business for MSMEs: Walmart-owned Flipkart’s organization-to-organization (B2B) marketplace for MSMEs and kiranas, Flipkart Wholesale app on Monday mentioned its client base swelled 75 per cent month-on-month although month-to-month transactions on the platform jumped 90 per cent considering that its launch in September this year. The business had launched the marketplace with the acquisition of the wholesale organization of its parent business Walmart in India that operated 28 Best Price money-and-carry wholesale shops providing almost 5,000 things. Flipkart mentioned that the money-and-carry organization saw a 10X development in e-commerce adoption amongst its member retailers with huge traction from tiny cities which includes Kota, Guntur, Amravati, and so forth.
“At Best Price, during the lockdown, we encouraged members to place orders on our e-commerce platform and have products delivered to them. We also launched a revamped Best Price app and website and saw order volumes surge through our e-commerce channels. Our members adapted very quickly to ordering online and we believe this trend will continue going forward,” mentioned Adarsh Menon, Senior Vice-President and Head, Flipkart Wholesale and Walmart India.
Flipkart Wholesale app e-tails style goods to MSMEs in 23 cities and had lately launched the grocery category also in NCR. The business claimed 50 per cent month-on-month development in style category suppliers and “enabled 2.5 lakh listings on its platform since its launch,” along with 1 in every single 5 consumers on Flipkart Wholesale coming from Tier-II and III cities.
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The new B2B marketplace leverages Flipkart’s current technologies capabilities and provide chain infrastructure to advantage kiranas and MSMEs. On the other hand, Walmart’s practical experience in merchandising, relationships with brands, and servicing more than 1.5 million members, which includes kiranas, horecas, and other MSMEs has come in handy for Flipkart’s B2B marketplace to take off smoothly. Importantly, Flipkart’s wholesale arm Flipkart India Private Limited had reported a 12 per cent jump in its FY20 revenues to Rs 34,610 crore from Rs 30,931 in FY19. Its losses had declined 18 per cent to Rs 3,150 crore in FY20. The business is engaged in the wholesale distribution of mobile, tv, laptop, tablet, mobile accessory, footwear, clothes, and so forth.