Walmart has invested Rs6.2bn (US$102.9m) into its cash-and-carry wholesale stores across India that operate under the Best Price brand, according to Inside Retail Asia.
The investment is the second for Walmart India since the retailer separated from its partnership with Bharti Enterprises in October 2013.
The investment follows Walmart India’s launch of its e-commerce sites in Hyderabad and Lucknow in June, with plans to extend its online wholesale business-to-business services to other stores as well.
Walmart operates 20 wholesale stores across India, with 50 more to open in the next four to five years.
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