Flipkart is expected to leverage Walmart’s capabilities in the grocery business after their deal is completed. Photo: Hemant Mishra/MintBengaluru: India’s largest online retailer Flipkart Ltd is expanding its fledgling online groceries business even as it plans to sell movie tickets ahead of a proposed takeover of the company by American retailer Walmart Inc., three people aware of the developments said. The Bengaluru-based retailer has earmarked several hundreds of millions of dollars to grow its online groceries business, the people mentioned above said. So far, online grocery sales have taken off slowly. Separately, Flipkart also plans to sell movie tickets, sales of which are currently dominated by BookMyShow, followed by Paytm.

Source: Mint March 28, 2018 21:10 UTC