Will Flipkart get Walmart to the promised retail land in India? After spending some serious money to buy 77% of the online Flipkart business in 2018, Walmart has doubled down on what is the world’s last great retail frontier. Then Flipkart announced it was buying Walmart India, which is essentially a B2B wholesaler that supplies the country’s kirana stores, which are small neighborhood locations selling food and merchandise. And Walmart is not alone trying to figure out the Indian retail business. Amazon AMZN , which was outbid by Walmart for Flipkart, has launched Smart Stores, an online platform for local stores that allows shoppers to access its app.

Source: Forbes July 28, 2020 16:43 UTC