Bentonville, Arkansas-based Walmart's two acquisitions in India -- e-commerce firm Flipkart and digital payments firm PhonePe -- have emerged stronger with the adoption of digital technologies during the coronavirus health crisis in India. The company also operates a small chain of "wholesale stores" in India, which sell to the retail...
Walmart Labs Acquires Two Tech Startups in India
Walmart Labs, the technology arm of Bentonville, Arkansas-headquartered Walmart, acquired two startups based in India to strengthen its customer service systems. Bangalore-based FloCare, a health tech firm, is one of them. It builds products and technologies that enables seniors to access affordable and scalable healthcare services. The company, co-founded by a...
Walmart India Adopts New Sales Strategy
Bentonville, Arkansas-based Walmart's plan to crack India's giant consumer market, compete with Amazon.com Inc., and Asia’s richest man, Mukesh Ambani of Reliance Industries -- who has announced plans to launch his own e-commerce initiative -- is to collaborate with the neighborhood stores. Twelve million neighborhood stores across India account for...
Walmart India Buys Yet Another Company for Talent
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 India to Boost 'Kirana' Store Business
Walmart India plans to scale up its family-owned kirana or grocery store program called Mera Kirana, which helps small grocery stores modernize, and make it part of its main business in India. Walmart creates zones in its Best Price wholesale stores that are designed to resemble a modern kirana store....