Flipkart in talks to buy Namdhari’s Fresh

The homegrown etailer majority-owned by Walmart seeks to expand its food and grocery segment.

Flipkart is in talks to buy Indian grocery chain Namdhari’s Fresh, people familiar with the deal said, as the homegrown etailer majority-owned by Walmart seeks to expand its food and grocery segment. “This business may be of interest to Walmart’s agri supply chain,” said a person aware of the talks, adding that “the transaction isn’t done yet.”

The deals talks were first reported by CNBC on Wednesday. The grocery store chain is a retailer of fruits, vegetables and staples, with a bulk of its vegetables and fruits exported to Europe, Australia and the Middle East. Namdhari Seeds, the company’s other business, is one of the largest distributors of vegetable seeds in the country and exports to Europe, Japan, the US, Western Asia and Southeast Asia.

Source :economictimes.indiatimes