Walmart Labs acqui-hires two Indian startups FloCare and BigTrade

Walmart Labs, the technology arm of the US retail giant, has acqui-hired health tech start-up FloCare and B2B trading platform BigTrade for an undisclosed amount. Walmart has brought on-board the ​​teams of the two Bengaluru-based companies to help strengthen its customer technology and supply chain.

“We are in an exciting phase of transformation and it feels great to add terrific minds from the startup ecosystem in India to our growing team,” said Hari Vasudev, centre head and vice president – technology, Walmart Labs India. “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 omnichannel customer experiences around the globe,” Vasudev added.