Friday, November 22

Search Results for: Walmart

Walmart Labs makes its Second Acqui-hire in India with an AI Firm

The retail giant Walmart has made its second acqui-hire in India, with a machine learning startup called Int.AI. The acquisition is being done to strengthen its technology team in the country. This will mark as the company second aqui-hire in the country. Prior to this, Walmart acqui-hired micro-app startup Appsfly in September, merging that six-member team with its customer experience […]

Walmart Outshines Apple, Becomes No. 3 Online Retailer in the US

Walmart has reportedly became the No. 3 online retailer in the U.S. overtaking the technology giant Apple. Walmart has been recently making various efforts and it seems that the company got the reward. Amazon still leads by a wide margin, accounting for 48 percent of e-commerce sales in 2018. On the other hand, Walmart (including […]

Walmart Plans to Launch Intelligent Retail Lab in New York

The retail giant Walmart has announced its plans to roll out an Intelligent Retail Lab inside one of its stores in Levittown, New York. The basic ideas behind this is to test both associate and customer experiences. With this, the company wants to use artificial intelligence to better identify when items are running low on […]

Walmart Launches an AR Scanning Tool in its iPhone App

The online retailer Walmart has announced the launch of a new AR scanning tool in its iPhone application. This feature will help customers with product comparisons. Also, Walmart’s AR scanner can be panned about across store shelves, offering details on pricing and customer ratings beneath the products it sees. This particular technology was initially developed […]

Walmart Acquires an Online Lingerie Retailer for an Undisclosed Amount

The retail major Walmart has reportedly acquired an online lingerie retailer known as Bare Necessities. The amount of the acquisition deal has, however, not been disclosed. This acquisition marks as Walmart’s second apparel-focused acquisition in less than two weeks. The company seems to be seeking deeper inroads into the online fashion space. Last week, the company […]

Walmart Acquired E-commerce Platform Flipkart Forays Into Mobile Insurance

Walmart acquired India’s e-commerce platform Flipkart said it’s foraying into the insurance segment after securing a corporate agent license. To begin with, Flipkart has partnered with Bajaj Allianz General Insurance to offer customised insurance solutions to power its mobile phone protection programme for all leading mobile phone brands that are sold on its platform, Flipkart said in […]

Walmart India’s E-commerce Entity Flipkart Acquires Israel Based Startup

E-commerce major Flipkart said it has acquired Israel-based Upstream Commerce for an undisclosed amount as the Walmart-backed firm aims to further strengthen its selection and pricing capabilities. Flipkart, which is locked in an intense battle for market leadership in India against American rival Amazon, will get access to advanced data science-based intelligent solutions through the […]

Walmart to Purchase Flipkart ESOPs worth $800 Million

After the Flipkart-Walmart deal, many steps have been taken by Walmart in favor of the merger. This time the company has planned to purchase from Flipkart employees ESOPs worth nearly $800 million. The worth of Flipkart’s total Esop is about $1.5 billion based on the per-share purchase price. Flipkart announced to its current employees that […]