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Flipkart is the giant online marketplace from India, recently acquired by Walmart forthe value of $22Bn with the stated intention to make Flipkart public in 2-3 years. Walmart is a public company and is not making such statements without serious intentions.Although Amazon is targeting the Indian market in the last 3 years, Flipkart is maintaining and growing its leadership over Amazon using superior technology and operation. Flipkart Israel was recently established from the acquisition of Upstream Commerce, a leading provider of ML/AI-based competitive intelligence and price optimization solutions for retail. Upstream Commerces predictive analytics and ML/AI-based solutions were used by customers such as JCPenney, HP, Microsoft, Nestle, GoPro, Saks 5th Avenue and many others. Flipkart Israel is growing to be the innovation and excellence engineering center for the retail giant, with focus on AI, ML, algorithmic research and analytics solutions. Flipkart had announced that growing its AI, ML and analytics capabilities is a primary target and the establishment of Flipkart Israel is a critical step in this direction.
Upstream Commerce's solutions help retailers grow sales & margin using competitive intelligence, pricing optimization & predictive analytics.
Sears & Etc….
NUMBER OF EMPLOYEES
TOTAL FUNDING COMMENT
Debt & Venture: $5 M
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