Walmart Labs acqui-hires startups FloCare and BigTrade

Walmart Labs has acqui-hired health tech startup FloCare and B2B wholesale trading platform BigTrade. The aim of acqui-hiring is to strengthen its customer service. As per the process, some founders and team members of the two companies will join Walmart Labs in the customer and supply chain technology teams.

Acqui-hires are typically made for the skills of the team, rather than for the product.

Source: The Live Mint

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