 "Walmart has picked up 77 per cent in Flipkart")
On the heels of Walmart's $16-billion investment in Flipkart, WalmartLabs, the technology arm of the US retail giant, has made its first ever Indian acquisition. The company has brought on-board the entire team of engineers from Bengaluru-based Appsfly, which built a system for micro apps to get hosted and streamed on any platform.
The six-member Appsfly team will join WalmartLabs’ team for delivering engaging and consistent shopping experiences to Walmart's customers. WalmartLabs powers the retail firm’s e-commerce offering the world over in addition to technology acquired through JD.com.
Hari Vasudev, country head and vice-president for technology at Walmart Labs India,
