Flipkart's wholesale unit readies itself for potential change in FDI rules
Synopsis The latest process is part of Flipkart wholesale’s decoupling plans with the preferred, or the so-called Alpha, sellers on Flipkart.com, to remain ready for a potential change in India’s foreign direct investment rules in the sector, two people in the know said. Flipkart’s wholesale unit has changed its relationship status with at least one of the largest sellers on its ecommerce platform — to a “service provider” from being an outright merchandise supplier. The latest process is part of Flipkart wholesale’s decoupling plans with the preferred, or the so-called Alpha, ...