AcquisitionsBusiness News

Will Walmart be the next e-commerce giant?

A Typical Walmart Store

A Typical Walmart Store. Picture: WSJ

Walmart Labs recently acqui-hired Int.AI, a Bangalore based machine learning, and data analytics startup. This was the second such acquisition made by the US giant which previously acquired Appsfly three months ago. This all comes amidst heating competition between Amazon and Flipkart for the top spot of the Indian E-commerce space.

Bengaluru: Walmart Labs have been trying to boost its Indian engineering team since the deal with Flipkart was finalized. It has now “Aqui-hired” Int.AI a Bengaluru based data analytics startup, its second such acquisition after Appsfly in the country.

It ties in with the theme — our data platform work and our machine learning framework have been developed largely in Bengaluru and we’ve been really impressed with the amount of talent that has come in.

Jeremy King, Executive Vice President, Walmart

Aqui-hire is a popular model of acquisition in which a company is acquired not because of the products or services delivered by it but because of the employees working in it.

Related Article: Flipkart Co-founder Binny Bansal plans Another Startup

The company was founded by IIM-A graduate Praneeth Babu Doguparthy with his partners in 2016. The official announcement of the acquisition is expected to be made this week.”We are very happy to let you know that our entire team will be joining Walmart Labs, India. We will continue to apply what we have learned in order to help optimize the shopping experience for millions of customers,”  Int.AI announced officially on its website.

Amazon vs Flipkart: A creative representation

Amazon vs Flipkart: A creative representation (Picture: Dazeinfo)

This move comes on the heels of a whopping $16 billion acquisition of Flipkart by the US giant which has opened up the race to the top spot of Indian E-commerce space. With Amazon‘s continued unprecedented spending spree in the country, this battle is only expected to grow fiercer in the coming days.

Mashu Ajmera
I am Mashu Ajmera, a native of Guwahati, Assam. Presently, I am the Editor of the Startup News division at CoFounders Town. I find interest in event-organizing and photography. I am good at writing and I'm developing my skills in web developing. I also like to go on treks occasionally.

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