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Updated on: Thursday, August 19, 2021, 04:44 PM IST

Flipkart Wholesale plans to more than triple footprint in India by December to serve kiranas

The notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others. |

The notice under various sections of the Foreign Exchange Management Act (FEMA) was issued to 10 people last month that includes Flipkart, its founders Sachin Bansal and Binny Bansal, among others. |

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Flipkart Wholesale, the digital B2B marketplace of India’s homegrown Flipkart Group, today announced its plans to more than triple its geographical footprint in India to close to 2,700 cities, with an aim to make business easier and bring prosperity to lakhs of small businesses and Kiranas across the country.

Launched in September 2020, Flipkart Wholesale has witnessed strong growth in the first half of 2021 spearheaded by the adoption of e-commerce by retailers and kiranas.

E-commerce adoption by kiranas on Flipkart Wholesale doubled in January-June this year compared to last year. This is projected to see 180 percent growth in July-December 2021, as against the same period last year.

Flipkart Wholesale has also seen a surge in suppliers that have come onboard on the digital B2B marketplace. The supplier base is expected to grow 58 percent in 2021, which will further boost the local business ecosystem as well as livelihoods.

The company recently rebranded its Best Price cash-and-carry business which it acquired from Walmart India in 2020, while staying committed to the growth and prosperity of kiranas in India through an omnichannel business model.

Adarsh Menon, Senior Vice President and Head - Flipkart Wholesale, said, “We launched Flipkart Wholesale with an aim to bring prosperity to the B2B retail ecosystem and solve local pain points of kiranas across the country. Despite challenges induced by the pandemic, we have seen a strong response from kiranas who are now realizing the benefits of digitization and warming up to e-commerce as the go-to means of purchase. We will continue to leverage the technology strengths from the Flipkart group and enhance livelihoods and local supplier ecosystems across the country.”

Flipkart Wholesale witnessed 17 percent growth in its kirana customer base in January-June 2021 compared to the same period last year. The kirana customer base is projected to further grow by 33 percent in July-December 2021, compared to the same period last year.

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Published on: Thursday, August 19, 2021, 04:44 PM IST
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