- Sep 27, 2018
Flipkart acquires Retail Analytics Firm - Upstream
Flipkart is all set to acquire Israel's Retail Analytics Company - Upstream. Upstream is known for its technology that will basically allow the e-commerce giant to offer pricing that is real time. However, the deal size remains undisclosed.
Upstream is basically responsible for building cloud-based, automated competitive pricing and product analysis technology that basically helps sellers to optimise their product assortment and also pricing strategies.
The 20-member team of Upstream will soon be a part of Flipkart but the work will continue from Israel. The data science team of India is said to work with Upstream in order to integrate Israel company's technology in the coming next few months.
After Flipkart bought AI-led speech recognition startup Liv.ai for approximately $40 million, the company announced its acquisition of Upstream. Also a majority stake deal was completed by Flipkart recently with US retail giant Walmart.
Read more at economictimes.indiatimes.com