Walmart Labs India, announced it will hire key tech teams from Artificial Intelligence and data analytics startup Int.ai. In September, Walmart bought micro-app startup Appsfly, integrating the latter’s six-member team with its customer experience engineering group. Both companies were acquired for their talent rather than revenue or products or IP....
Walmart Backs India's Case for U.S. Duty Benefits
Bentonville, Arkansas-headquartered retail major Walmart, is supporting India on a trade measure against the country by the Trump administration. In a submission to the U.S. government, which the Economic Times has seen, the company urged continuation of low or zero duty benefits for $5.6 billion-worth Indian exports to the U.S....
Walmart Acquires 77% Stake in India's Flipkart
Bentonville, AR-based Walmart has acquired a 77% stake in Bangalore-based e-commerce company Flipkart for $16 billion. Walmart and Flipkart will remain separate brands with the goal of transitioning Flipkart to a publicly-listed, majority-owned subsidiary in the future. "India is one of the most attractive retail markets in the world, given...
Walmart Ups the Ante in India
Arkansas-headquartered Walmart is planning a threefold increase in the pace of opening stores by 2020 in India. It plans to open 50 new stores by 2022 to take the total store count to 70. "We are opening five to seven stores next year. Eventually, we want to open 15 a...