Just after a day of officially announcing the $16 billion dollar deal in India’s largest e-commerce unicorn Flipkart, Walmart stated that it will continue to grow its wholesale cash-and-carry business by adding 50 new stores in the next four-five years.
US mammoth Walmart which so far had been handicapped by India’s retail policy that does not allow overseas companies to sell directly to consumers will now have an online presence, all thanks to Flipkart.
Walmart is presently operational in 9 states and 19 cities while its future expansion is being focused on more or less the same geographies.
Walmart sells a wide plethora of items right from fast moving consumer goods to furniture at its Best Price wholesale stores. These stores might get potentially used by the company as pickup and delivery points to service online sales made on Flipkart.