- B2B marketplace Flipkart wholesale appoints over 5000 employees of Walmart India.
- The 5000 employees will take on new roles in the company.
Flipkart Group-owned online B2B marketplace Flipkart Wholesale said that the company will be appointing over 5,000 employees of Walmart India.
In late July 2020, Flipkart Group had acquired Walmart India’s wholesale business (Walmart India Pvt. Ltd.).
With this development, The new 5,000 employees will take on new roles in the company. Flipkart said the job offers made to employees at Walmart India have been aligned to corresponding roles at Flipkart in terms of compensation, responsibility, and profiles based on industry best practices.
Apart from their current compensation, transitioning employees will also be allowed to participate in Flipkart Wholesale’s ESOP plan and will be assigned a performance bonus structure, Flipkart said in a statement.
The announcement comes after consultation with external HR experts and in-line with future organizational planning.
The step would help Flipkart Wholesale to strengthen its supply chain and further expand its footprint in the food and grocery segment. While the company also aims to add product categories such as homeware and kitchen.
At present, Walmart has 28 best price stores across 28 locations, including Jammu, Jalandhar, Agra, Bhopal, and others.
“With the right talent on board, this B2B marketplace will leverage Flipkart’s strong homegrown technology capabilities and Walmart India’s unique understanding of the wholesale market in India to offer small businesses a compelling proposition to serve their customers better,” said Kalyan Krishnamurthy, CEO of Flipkart Group.
“We now have the combined strength of the talent from both Flipkart and Walmart that are geared to unlock the potential of technology to bring prosperity to the retail ecosystem. Our focus on small businesses, providing them with attractive schemes and incentives, supplemented with data-driven recommendations for stock selection,” said Adarsh Menon, senior vice president and head of Flipkart Wholesale.
Flipkart Wholesale, which was set up in September this year, aims to connect local manufacturers to retailers to digitize their procurement process.
In September 2020, Flipkart Wholesale announced its expansion to 12 new cities, including Ghaziabad, Faridabad, Mysore, Chandigarh Tricity, Meerut, Agra, Jaipur, Thane-Bhiwandi-Ulhasnagar, Greater Mumbai, Vasai-Virar-Mira-Bhayanadar, Thane (Kalyan-Dombivli), and Thane (Navi Mumbai).
Currently, Flipkart Wholesale is present in more than 23 cities.