Flipkart’s wholesale unit may go live next quarter - News Summed Up

Flipkart’s wholesale unit may go live next quarter


Jumbotail did not respond to an email query sent by ET.“Flipkart will focus on FMCG and fresh foods categories to begin with, and over time, build the electronics and fashion category,” one of the source added. Quite a few executives from the consumer marketplace have been transferred to this division over the last five months to build out categories and do early pilots, sources added.A Flipkart spokesperson did not directly comment on the launch of its wholesale business. "We view the B2B segment as an opportunity to support and grow kiranas and SMEs in the country," the spokesperson said. In addition, Flipkart has also invested in Shadowfax, a B2B last-mile delivery platform.Rival Amazon has been actively scaling up its B2B division for the last 18 months, with competitive pricing as well as credit tie-ups. Udaan, on the other hand, is a multi-category trading platform with services including credit, logistics, Software as a Service, marketing, sales, and distribution.


Source: Economic Times February 21, 2020 02:15 UTC



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