December 13th, 2018
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,...
November 17th, 2018Walmart 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 also...
November 14th, 2018Binny Bansal, the co-founder and group CEO of India based e-commerce giant Flipkart has stepped down from the company with immediate effect. This step has been taken following an investigation into “serious personal misconduct.”
This move has come up in less than six months after Walmart acquired a majority ownership in the...
November 10th, 2018The 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 stock so...
November 2nd, 2018The 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...
October 13th, 2018The 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...
October 7th, 2018Walmart 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...
September 20th, 2018After 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...
September 18th, 2018Soon after the Walmart-Flipkart deal, four senior leaders from the US retail giant have been appointed at the Flipkart Group level. The four senior leaders will make the transfer by October.
The executives that are supposed to make the transfer are Walmart's M&A head Emily McNeal, who will join the Flipkart Group as senior vice...
September 17th, 2018One of the largest retail player Walmart has reportedly paid Rs 7,439 crore tax on the payments the company made to acquire the shares of 10 major shareholders of Flipkart. Various shareholders of Flipkart including the major ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.
On the...
August 19th, 2018US-based retail giant Walmart has now completed the deal with Flipkart to hold its 77 percent stake. After the closure, Flipkart's future financial activities will be reported by Walmart International Business.
Besides the acquisition part, Walmart also infused USD 2 billion of equity funding in Flipkart business.
In the press...
August 6th, 2018The multinational retail corporation Walmart has planned to hire around 1,000 employees for the technology space in India. The world’s largest retail company is lately focusing on technology to give a tough competition to the other predominant e-commerce players including Amazon.
At present, the company has its technology...
