Walmart Labs acqui-hires Bengaluru-based FloCare and BigTrade

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Walmart Labs, the technology part of the global retail giant Walmart, has acquired two Bengaluru-based startups, FloCare and BigTrade.

While, the healthtech startup FloCare will be integrated into customer technology part of Walmart’s online pharmacy, BigTrade, which is a B2B wholesale trading platform, will contribute to the supply chain part of Walmart’s business.

Also, both the startups will be joining the Walmart’s team after completing all the formalities of the acquisition process.

“Walmart’s Online Pharmacy and Supply Chain business are renowned across the globe and I am sure the FloCare and BigTrade teams will strengthen our capabilities as we strive to build awesome omnichannel customer experiences around the globe, “Hari Vasudev, center head and technology vice president of Walmart Labs India said.

FloCare was cofounded by Gagan Goel and Gaurav Gupta in 2018. FloCare is a stealth-mode startup, aimed at building products and technologies to make home healthcare an affordable and scalable service.

Whereas, the NASSCOM-incubated wholesale trading platform, BigTrade was founded in 2017. The platform connects connects manufacturers, importers and wholesalers with the retailer for the bulk trading.

It enables traders or resellers from the small towns and remote places of the country procure their day to day inventory directly from the metro city manufacturers and importers.

The company assists traders in the entire trading cycle right from the discovery of the product to its delivery, which includes logistics and payment/credit services as well.

On the other hand, the India office of Walmart Labs was setup in Bengaluru in 2011 and is said to be responsible for 90 per cent of Walmart’s India operations.

It is aimed at supporting Walmart in providing a seamless customer experience – whether that’s online or in stores.  Walmart Labs team include a diverse group of data scientists, product managers, architects, developers, and technologists.

Walmart claims to  serve over 275 million customers a week across its 11.3K stores globally. The company claims to have recorded a revenue of $514.4 billion in FY18. Walmart services are said to be accessible through 58 banners in 27 countries and 10 e-commerce websites.

Some of the other names that fall under the Walmart Labs domain includes Vector Laboratories, Brightgrove, ScienceSoft, Belitsoft, Itransition, etc.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Amala Paul overwhelmed on working in Telugu version of Netflix’s Lust Stories

Amala Paul is a well established name in the Telugu cinema who is known for her work in successful...

‘Syria offensive to resume if Kurds don’t withdraw’

Ankara, Oct 22 (IANS) Turkey has threatened to resume its offensive on the northern Syrian border if Kurdish militias do not clear the area...

Federer celebrates match No. 1500 with a win

Basel (Switzerland), Oct 22 (IANS) Roger Federer registered a commanding straight sets victory over German qualifier Peter Gojowczyk in what was the Swiss legend's...

Happy with SC order, manufactured apprehensions laid to rest: Anirudh Chaudhry

By Baidurjo BhoseNew Delhi, Oct 22 (IANS) Hearing the BCCI matter, the Supreme Court bench comprising Justices S.A. Bobde and L. Nageswara Rao on...

Election Commission: Bypolls to 51 assembly seats and two Lok Sabha seats in 18 states witness 57 percent voting turnout

In the by-polls of Monday, the states witnessed a moderate turnout of around 57 percent. Bypolls to 51 assembly seats and two Lok Sabha...
- Advertisement -

More Articles Like This