Walmart Labs, the giant retailer’s “skunk works” division which develops, tests, and researches tech innovations for its retail and online operations also operates an India-based research office.
On Thursday, Int.ai announced their team is joining Walmart Labs India, making it the retailer’s second recent tech acquisition in the India. Walmart Labs India acquired Appsfly in September.
Int.ai founders Praneeth & Vinay posted on their website the announcement:
“We started int.ai in the beginning of 2016 with an ambitious mission to build an AI powered personal data analyst for every business executive. In the process we developed expertise in blending machine learning with data analytics to uncover insights that significantly impact business metrics. We also developed a reliable enterprise data platform.”
“Today, after working for almost 3 years on it, 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 learnt in order to help optimize the shopping experience for millions of customers. It excites us to get our hands on data at Walmart scale!”
India Expansion on Way
After purchasing the majority stake in Flipkart, Walmart is poised to expand its Indian operations.
While Wall Street has concerns about profits from its investment in India, Walmart seems to be forging ahead on a similar strategy in India as it followed in the US.
Over the last few years Walmart purchased Jet.com and then embarked to acquire more speciality online brands such as ModCloth and Bonobos.
Just a week ago, Walmart agreed to acquire Art.com to significantly expand its presence in the home decor segment.
READ MORE: Walmart Buys Art.com for Undisclosed Amount
While it appears Walmart Labs India will focus on project specific to the Indian market, some development innovation from India could eventually end up in the US too.
Especially with Int.ai, the company may gain a lot of expertise in AI and Analytics that can become very useful for its US walmart.com platform.
What do you think of Walmart’s online expansion strategy in the US and India? Please use the comments section below or head over to our Facebook Group for Small Business Sellers and interact with other small business owners.