Page 2 - Wholesale

Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

Flipkart Wholesale sees 70% e-commerce adoption by kiranas at festive sale

Over 500,000 kiranas across 10,000 pin codes in 24 states and union territories shopped on the platform and through the Flipkart Wholesale Best Price stores

Govt exempts pulses' importers from stock limits; relaxes norms for millers

The government on Monday exempted importers of pulses from stock limits, and also relaxed the norms for millers and wholesalers, in view of softening of prices of the key pulses in the country.

Flipkart Wholesale starts shopping sale to boost savings for small kiranas

Aim is to enhance savings for small retailers across the country and ensure their safety through e-commerce orders and speedy doorstep delivery.

In final stages of consolidating Walmart India: Flipkart Wholesale

In July, Flipkart announced the acquisition of Walmart India for an undisclosed amount, and launched 'Flipkart Wholesale'

Covid pandemic makes wholesale business do the unthinkable. Go online

The pandemic has accelerated the shift that blurs the difference between B2B and B2C

Stress in wholesale book of NBFCs to rise further, says CRISIL report

About 30 per cent of the realty book of NBFCs has come out moratorium while 40 per cent of the exposure is still under moratorium

Metro Cash & Carry pips Amazon, Walmart in profitability, revenue growth

Metro, which had opened its first store in the country 15 years ago, zoomed past rivals like Walmart and Amazon Wholesale by turning profitable for the first time in 2018-19.

Walmart opens 28th India wholesale store in Andhra Pradesh's Kurnool

Walmart India, the wholly-owned subsidiary of Walmart Inc, on Wednesday opened its 28th wholesale store' in the country at Kurnool in Andhra Pradesh. The new cash & carry store, under the label of 'Best Price Modern Wholesale Store' got integrated with B2B e- commerce platform, making it the 28th store to go online, the company said in a statement. "As we continue to grow our network of cash and carry stores with a mission to help small businesses prosper, we would like to thank all our members, partners, associates and stakeholders for their overwhelming support and contribution to the success of our business," Walmart India president and chief executive Krish Iyer said. This is the company's fifth store in Andhra with the others being at Rajamahendravaram, Guntur, Vijayawada and Visakhapatnam. "Andhra is an important sourcing destination for us as we source a variety of fruits and vegetables directly from farmers, agriculture produce from local suppliers and food .

Wholesale markets grind to a halt

Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline