Flipkart in talks to buy grocery chain Fresh: report

  • The acquisition will help Flipkart expand its food and grocery segment
  • Namdhari's Fresh operates over 30 stores in Bengaluru

Arnab Paul( with inputs from Reuters)
Published1 May 2019, 06:42 PM IST
(Mint)

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 Bengaluru, and the acquisition will help Flipkart expand its food and grocery segment, the report added.

Walmart acquired about 77% of Flipkart for roughly $16 billion last year, beefing up the competition to Amazon.com Inc in the fast growing Indian e-commerce market.

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

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsCompaniesStart-upsFlipkart in talks to buy grocery chain Fresh: report
MoreLess