Flipkart Wholesale on Thursday mentioned it is in final stages of consolidating Walmart India inside its operations, and has extended presents to all workers of Walmart India’s Home Office to join the digital small business-to-small business (B2B) marketplace.
In July, Flipkart announced the acquisition of Walmart India for an undisclosed quantity, and launch of ‘Flipkart Wholesale’ to tap into the USD 650 billion B2B retail market place in India.
In 2018, Walmart Inc invested USD 16 billion for acquiring 77 per cent stake in Flipkart, and earlier this year, led a USD 1.2 billion funding round in the e-commerce organization.
During a town hall meeting on Thursday, Flipkart Wholesale Head and Senior Vice-President Adarsh Menon shared the company’s concentrate on the technologies-led transformation of B2B commerce and worth proposition to enable below-served enterprises prosper, along with the company’s persons-centric development orientation for workers.
He mentioned leveraging the capabilities of Flipkart Group and Walmart India, Flipkart Wholesale is committed to bringing its scale and experience to shoppers such as kiranas, MSMEs and HoReCas. It will also drive improved small business efficiency and development although providing brands (national and international) access to a broader market place and larger return on investment.
In a statement, Flipkart Wholesale mentioned that as element of the final stages of the integration of Walmart India and Flipkart Wholesale, presents have been extended to all workers of Walmart India’s Home Office.
Details of the quantity of workers had been not disclosed.
Job presents created to workers at Walmart India have been aligned to corresponding roles at Flipkart in terms of compensation, duty and profiles primarily based on sector most effective-practices, following consultation with external HR authorities and in-line with future organisational organizing, it added.
The Walmart India group will bring with them deep practical experience in merchandising and powerful relationships with brands to Flipkart Wholesale, to make an organisation that is focused on transforming the wholesale retail sector although leveraging technologies, the statement mentioned.
Offers to workers will be rolled out in the coming days as workers join in January 2021, it added.
Over the previous handful of months, Flipkart Wholesale has launched style in 16 cities across the nation and will expand into new categories such as grocery in the coming months.