Flipkart launches Supermart in Mumbai, hires KPMG for vendor due-diligence checks
Flipkart launched the online grocery store Flipkart Supermart in Mumbai on May 8 following a soft launch in February and the business’ parent company Walmart has extended its global anti-bribery compliance programme to India with KPMG.
The e-commerce major announced the launch of Flipkart Supermart in Mumbai on Wednesday, the Press Trust of India reported. The online grocery service delivers to 91 pin codes in the city and Flipkart set up a fulfilment centre in Bhiwandi for the service. Flipkart Supermart currently retails 10,000 products and many of its own private labels. The business had previously launched the service in Bengaluru, Chennai, Hyderabad, and Delhi.
"Grocery is the space which is going to give the next level of e-commerce growth,” Flipkart’s head of grocery Manish Kumar told the Press Trust of India. “However it is one of the toughest category from online perspective. We are cognisant of it. We built a dedicated supply chain for groceries."
As part of Walmart’s global anti-bribery compliance programme, the business has also hired the financial audit and tax advisory firm KPMG to conduct due-diligence of its Indian vendors, ET Bureau reported. Flipkart sellers will now be screened to ensure that they operate in a legal manner.
Walmart has worked with KPMG in India since 2012 for its wholesale business in the country. “Independent reviews and assessments shall be performed at least annually to ensure that the organisation addresses non-conformities of established policies, standards, procedures and compliance obligations,” wrote Flipkart mentioned a form reviewed by the Economic Times. “Customers right to audit shall be established prior to getting into an agreement. Audit plans shall be developed and maintained to address business process disruptions.”
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