Flipkart in Talks to Buy Grocery Chain Namdhari's Fresh: Report

A Flipkart spokesman said the company had no comments.

Share on Facebook Tweet Snapchat Share Reddit Comment
Flipkart in Talks to Buy Grocery Chain Namdhari's Fresh: Report
Highlights
  • Namdhari's operates over 30 stores in Bengaluru
  • The acquisition will help Flipkart expand its grocery segment
  • Walmart acquired about 77 percent of Flipkart last year

Walmart-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari's Fresh, CNBC-TV18 reported on Wednesday, citing sources.

Namdhari's operates over 30 stores in the southern city of Bengaluru, and the acquisition will help Flipkart expand its food and grocery segment, the report added.

Both companies had held talks, one source familiar with the matter told Reuters, adding that it was not immediately clear if it would result in a deal.

A Flipkart spokesman said the company had no comments.

Walmart acquired about 77 percent of Flipkart for roughly $16 billion (roughly Rs. 1,10,000 crores) last year, beefing up the competition to Amazon.com in the fast growing Indian e-commerce market.

Walmart and Namdhari's did not immediately respond to Reuters' requests for comment.

© Thomson Reuters 2019

Comments

For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and subscribe to our YouTube channel.

Further reading: Flipkart, Namdharis Fresh
Apple's Upbeat Forecast Pushes Market Value Back Toward $1 Trillion
Qualcomm Hangs on to Most Apple Gains After Earnings Report

Related Stories

 
 

Advertisement

 

Advertisement

© Copyright Red Pixels Ventures Limited 2020. All rights reserved.