Retailing giant Walmart is launching B2B e-commerce operations in two Indian cities. The $476 bn company will launch in Hyderabad and Lucknow to begin with.
In an interview with TOI, Krish Iyer, the newly appointed CEO & President of Walmart said
We will be launching our B2B e-commerce operations in Hyderabad and Lucknow Best Price Stores from next month as pilot projects. And we have plans to ramp it up in the subsequent months. We are hoping that this move will help retailers optimize their inventory management.
He did not talk about the company’s B2C ecommerce business, which needs government approval to set up. Mukesh Ambani’s Reliance Industries Limited is also planning its e-commerce foray. The future group launched its e-commerce operations with Big Bazaar direct.
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