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Flipkart in talks to buy Indian grocery chain Namdhari’s Fresh
- Thursday | 2nd May, 2019
BENGALURU (Reuters) – Walmart-owned e-commerce firm Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, CNBC-TV18 reported on Wednesday, citing sources. 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. 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. Walmart and Namdhari’s did not immediately respond to Reuters’ requests for comment. 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.
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