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...
Global Tech Centers in India Move up the Value Chain
Technology centers of foreign multi-national corporations, or global capability centers (GCC) as they are commonly called, used to be focused on IT and BPO services in the late 1990s. But today, many such centers have evolved to become crucial to the core operations of their parent companies and are drivers...
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....