Walmart Inc-owned e-commerce firm Flipkart is in talks to buy Indian grocery cha...
The logo of India's e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration
BENGALURU - Walmart Inc-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.Walmart acquired about 77 percent of Flipkart for roughly $16 billion last year, beefing up the competition to Amazon.com Inc in the fast growing Indian e-commerce market.
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