In order to scale up its current model of wholesale business, Walmart is continuously expanding its B2B e-commerce presence in India.
Walmart had been testing out an e-commerce option for its wholesale business at two stores in Hyderabad and Lucknow that will allow its members to order their merchandise online and have it delivered at their doorstep.
In order to scale up its current model of wholesale business, Walmart, has added USD 102.9 million into its Indian wholesale business in June, according to a filing made by its Indian unit to the Registrar of Companies.
In order to scale up its current model of wholesale business, Walmart, is launching its business operations in Hyderabad and Lucknow from next month, as reported by Times of India.
US-based retail chain, Walmart, is ready to expand its presence in India by going online. As reported by ET, a team of 15-17 people under Walmart India’s COO Arvind Mediratta have been working on developing an electronic platform that is expected to go live in the next three to four months.
After Amazon, Google, now it’s Walmart is making news due to glitches on its website. The company recently went through massive technical glitch which resulted in prices of various items being slashed down without reason, letting shoppers buy USD 600 computer projectors for USD 8.85 and treadmills for USD 33.
Under new FDI (Foreign Direct Investment) regulations, retail giants such as Wal-Mart, Carrefour , Amazon and Tesco, long barred from selling directly to Indian consumers will be permitted to own a majority 51% stake in joint operations with a local partner.
The genie is out. 51% FDI has been given cabinet approval in multi brand retailing that paves the entry of global retailing giants like Wal-Mart, Carrefour, Tesco and many others who have been waiting in sideline to venture in to juicy Indian market.