Top News

Walmart’s digital wing looks to tap Indian start-ups

  • WalmartLabs, the digital arm of
    US-based retailing major Walmart Stores, is scouting for start-ups in India for
    partnership, and working together to develop new technologies.
    • WalmartLabs, the digital arm of
      US-based retailing major Walmart Stores, is scouting for start-ups in India for
      partnership, and working together to develop new technologies.
    •  
    • Image result for walmart
    •  
    • “We have made 15 acquisitions (in
      India) in the last four years. . . we are meeting a few innovative start-ups in
      India and even look forward to partnering/working with 2-3 or even more in the
      near future,” WalmartLabs’ Senior Vice President and CTO Jeremy King told the
      Press Trust of India.
    •  
    • “Part of the reason, why I am
      out here is because we would love to make a deal or partnership or do some
      technology sharing with some of the startups this year,” he said.
    •  
    • King stated that in the past
      three years the startups were “copycat” of the models seen in the US or Europe
      but from last year, they have made a turn where a lot many apps and unique
      products can be seen.
    •  
    • WalmartLabs is also increasing
      its head count as the company is finding pool of young talents.
    •  
    • “We opened WalmartLabs in
      Bengaluru four years ago with 20 people… and we are 800 and it would be over
      1,000 next year,” King said.
    •  
    • WalmartLabs has focused on
      companies which have worked on app developments and on digital platform for
      data science, content and categorisation.
    •  
    • “I am really interested in all
      those areas as supply chain, app tech based business or any sort of mobile
      tech,” he said. King further said as the e-commerce market evolves in India, it
      would churn out good innovations here.
    •  
    • “I would not be surprised if we
      have lot more innovations coming directly from the Indian market,” he said.
    •  
    • Over WalmartLabs acquisition in
      India, he said,”We have bought couple of mobile companies, we did not take
      their technologies but we want to see that how it would apply to the shopping
      experience for the products”.
    •  
    • WalmartLabs is hiring talents
      from IITs and other top ranked colleges here, King added.

     

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close