Walmart acquires two startups, FloCare and BigTrade

US business Walmart has acquired two Indian start-ups both based in Bengaluru, FloCare and BigTrade, the latter of which is a wholesale trading platform designed for medium and small businesses. 

Walmart is continuing to invest in Indian start-ups - Telemundo

Walmart’s new Indian acquisition BigTrade runs a buyer and a seller app and is designed to facilitate wholesaler trading, mainly between small and medium-sized businesses. The platform covers a wide range of product categories including fashion and beauty. The platform also provides end-to-end solutions from product to payment and has now become part of Walmart’s supply chain team. 

"We are in an exciting phase of transformation and it feels great to add terrific minds from the start-up ecosystem in India to our growing team," Hari Vasudev, Walmart Labs India’s centre head and vice president, said in a statement on July 9, as reported by Indo-Asian News Service. 

Walmart’s other acquisition FloCare is a health-tech business founded by former Google employees. The business aims to organise all clinical work into one place in order to keep healthcare for the elderly more affordable. 

"Walmart's online pharmacy and supply chain business are renowned across the globe and I am sure the FloCare and BigTrade teams will strengthen our capabilities as we strive to build awesome omni-channel customer experiences around the globe," said Vasudev.

Copyright © 2019 FashionNetwork.com All rights reserved.

Fashion - Ready-to-wearFashion - MiscellaneousBusiness
NEWSLETTER SUBSCRIPTION