Walmart Labs acqui-hired 2 startups FloCare and BigTrade

Last Updated: July 13, 2019

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Walmart Labs acqui-hired 2 startups FloCare and BigTrade
13 July 2019 Current Affairs: Walmart Labs, the technology arm of the US retail giant acquire-hired health tech start-up FloCare and B2B trading platform BigTrade undisclosed amount. 
Walmart brought onboard the ​​teams of the two Bengaluru-based companies to help strengthen its customer technology and supply chain.
FloCare co-founded by former Google research scientist Gagan Goel and former InMobi employee Gaurav Gupta was funded by Accel Partners. 
The health tech firm is building products and technologies to realize the vision of home health care.
The other company, big trade, was founded by former Infosys engineer Kiran L and former Yahoo tech lead Sunil Soni.
Acqui-hiring becomes a key strategy for Walmart Labs to hire the best talent and get access to new innovations.
Walmart Labs -board the key team members from Bengaluru-based Appsfly, which had built a system for micro apps to get hosted and streamed on any platform. 
This is followed by hiring the key tech team from Int.ai.
This firm developed expertise in blending machine learning with data analytics to uncover insights that significantly impact business metrics. 
Walmart Labs acquire-hired machine learning firm Dataturks founded by former Flipkart employees Mohan Gupta and Gajendra Dadheech.

About Walmart 
Founded: July 2, 1962
Founder: Sam Walton
Headquarters: Bentonville, Arkansas, U.S.

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