How we should understand the last acquisition from Walmart in India?
Walmart has acquired Dataturks, an indian startup that enable data annotations made easy.
This investment shows that Walmart continues to shop in the indian tech scene besides the latests FDI rules that could have frightened some of the multi brand foreigners retailers. Indeed, this is the third acquisition for Walmart in the last 6 months.
The investment has been operated by Walmart Labs, an entity that wants to leverage machine learning capabilities food content enhancement. Beyond that, they want to recruit more tech teams, including data science, product management and also design aspects.
Also noticeable : Walmart is going to hire 1000 people this year in India, and the plan is to reach around 50 % of the total technology work force in the next 3 to 4 years. The reason is obvious: quality of the team VS good cost competitivity.