Walmart Labs India makes second acquisition in 3 months, acqui-hires Int.ai

Photo: Reuters

Walmart Labs India, the product development division of US retail giant Walmart, on Thursday announced that it has acqui-hired artificial intelligence (AI) and data analytics startup Int.ai, marking its second such transaction in the country in three months.

In September,  Walmart made its first acquisition in the country by acqui-hiring Bengaluru-based Appsfly, a startup that develops micro apps to be hosted and streamed into any platform. The deal saw Walmart merging Appsfly’s six-member team into its customer experience engineering group.

Founded by Praneeth Babu Doguparthy and Vinay NP in 2016, Int.ai analyses data and shares it with targeted users over email as well as collaborative tools like Slack, among others.

As part of the deal, three engineers — including co-founders Vinay NP and Doguparthy — from Int.ai will join Walmart Labs India. They will be a part of the health and wellness portfolio under customer technology at Walmart Labs, the company said in a statement.

“We are glad to welcome the Int.ai team to the big Walmart Labs family and believe that their expertise will be a great addition to our data analytics capabilities. We look forward to building awesome customer experiences with this team by creating opportunities and bringing value to our customers around the globe,” said Hari Vasudev, country head and vice-president – technology, Walmart Labs India.

Int.ai started with a mission to build an AI-powered personal data analyst for every business executive. In the process, it developed expertise in blending machine learning with data analytics to uncover insights that significantly impact business metrics.

“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,” Int.ai said on its website.

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.