Walmart Labs, the product development centre of the US retail giant, is absorbing the entire team from machine learning startup Int.ai, making this the retailer’s second acqui-hire in the country, a company statement said.
Int.ai’s team will be part of the health and wellness portfolio under customer technology at Walmart Labs, the statement added.
Int.ai was founded in 2016 by Vinay Kumar NP and Praneeth Babu Doguparthy. The company created a revenue intelligence platform for subscription and e-commerce companies. By connecting their payments processors to the platform, these firms can access data on customers, generate revenue reports and receive information on metrics like monthly recurring revenue, average revenue per user, churn rate and more.
Int.ai’s analytics automation framework will support Walmart Labs in its business and product innovation. Data analytics and science is a key focus area for Walmart as it looks to develop solutions to support large-scale businesses.
“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 of technology, Walmart Labs India.
In September this year, Walmart Labs acqui-hired micro-app startup Appsfly by merging the six-member team with its customer experience engineering group.
Walmart Labs creates cutting-edge engineering and product development solutions for the retailer. The entity is based in Bengaluru and operates as the idea incubator for Walmart.
In August 2018, a media report stated that Walmart was looking to hire more than 1,000 employees in technology roles at its India offices. The aim is strengthen its product development initiative in the country.