· The Tirupati store is Best Price’s sixth cash-and-carry store in Andhra Pradesh
· The new store will boost local economy by creating over 2,000 direct and indirect jobs
· The store will be a one-stop destination offering a wide assortment at competitive prices

Tirupati, October 22, 2020: The Flipkart group’s Best Price cash-and-carry business today announced the grand opening of a new wholesale store in Tirupati, Andhra Pradesh, to cater to the needs of kiranas and small businesses by offering a wide range of quality merchandise at competitive prices, door-step delivery of products and convenient payment solutions to its members.

The newly launched store in Tirupati is Best Price’s 29th store in the country where it is present across nine states, and serves kiranas, offices & institutions, and hotels, restaurants and caterers (HORECA) through a membership model.

The store will cater to underserved small businesses in Tirupati and offer seamless shopping experience at ‘Every Day Low Prices’. Best Price members can avail many options to shop – walk into the store, order through Best Price Wholesale app, place orders on Best Price website, or call customer care number 180030101911.

Peddireddy Ramachandra Reddy, Minister of Panchayat Raj and Rural Development, Andhra Pradesh, at the inauguration of the store, said, “Andhra Pradesh is at the pinnacle of ease of doing business and enjoys a long-standing relationship with the Flipkart Group which is evident with the opening of the sixth Best Price store in our state. This new store will create new jobs and opportunities for the people of Tirupati. We are happy that the group has yet again chosen our state to invest in and we look forward to a mutually beneficial relationship in the times to come.”

Adarsh Menon, Senior Vice President and Head - Flipkart Wholesale & Walmart India, said, “The opening of the Tirupati store is testimony to our relentless commitment towards serving kiranas, resellers and small businesses in India through an omnichannel network of stores and e-commerce. Kiranas and MSMEs are the most important stakeholders for us and we are committed to their growth and prosperity despite challenges posed by the pandemic. This is also our sixth store in Andhra Pradesh, with five other stores located at Rajahmundry, Guntur, Kurnool, Vijayawada and Visakhapatnam. We are also immensely proud that we have created thousands of local jobs for youth in the state, and stand committed to further boosting the regional SME ecosystem, strengthening the agricultural supply chain by sourcing from farmers, serving kiranas and contributing to the economy at large.”

In July this year, the Flipkart Group had announced the acquisition of Walmart India Private Limited, which operates the Best Price cash-and-carry business, to leverage the strong wholesale capabilities of the company and enable growth and prosperity for kiranas and MSMEs.

The new Best Price store at Tirupati is a significant milestone and represents acceleration of the Flipkart Group’s B2B business in the country. Spread over 56,000 sq. ft., the store will significantly contribute to the local and state economy by creating an estimated 2,000 direct and indirect jobs.

Best Price Tirupati is also integrated with world-class sustainability solutions, including water harvesting, waste management and use of renewable energy. Strengthening the company’s initiative against single-use plastics, the store will also use sustainable solutions such as nylon belts, biodegradable bags and other eco-friendly materials.

About the Flipkart Group

The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, and PhonePe. Started in 2007, Flipkart has enabled millions of consumers, sellers, merchants and small businesses to be a part of India's e-commerce revolution, with a registered customer base of over 250 million, offering over 150 million products across 80+ categories. Our efforts to democratize e-commerce in India, drive access and affordability, delight customers, create lakhs of jobs in the ecosystem and empower generations of entrepreneurs and MSMEs has inspired us to innovate on many industry firsts. The recent launch of Flipkart Wholesale, our new digital marketplace, is a testament to our commitment to accelerate the growth of kiranas and MSMEs in India. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns – customer-centric innovations that have made online shopping more accessible and affordable for millions of Indians. Together with Myntra, which holds a prominent position in the online fashion market, PhonePe, India's fastest growing digital payments platform, and now Flipkart Wholesale, the Flipkart Group will continue to steer the transformation of commerce in India through technology.

For more information, please contact:

Vishal Kumar at 9885585802 or vishal@fortunapr.com