Flipkart, that has recently been taken over by Walmart, plans to branch out into building on-ground supermarkets to cater to customers’ food and grocery needs.
Walmart has a B2B (business-to-business) model of operation in India, so its only ticket to enter the food retail space in India may be through Flipkart. The reason for the American company to push for this project is because food accounts for two thirds of India’s markets and the number of people wanting access to foreign food products has increased, especially in metros. With their acquisition of Flipkart, they may bring down the price of many international food items that today’s kids love.
What do you think? Will this be successful in India? Comment down below…
~Written by Anusha Sankholkar, Student of Bombay Scottish Powai.