The world's largest retailer Walmart which is playing catchup with online retailer Amazon in trying to improve how its customers buy on the Internet, will start its innovation lab in India to drive its next generation of innovations that impact shopping behavior.
The $ 422 bn company, has already started hiring for this in India and the 100-person lab will be up and running the end of this year, a top company executive told on Wednesday.
Walmart labs which employs about 70- 80 people in United States will be located in Bangalore and is likely to woo talent from companies like Amazon, Google and Yahoo which have large presence in Bangalore.
"It is not very big, we belive in talent density rather than talent volume. We don't need too many people but we need very very talented people. Our goal is to get a 100 people but the really top talented people," said Anand Rajaraman, senior vice-president, global e-commerce, Walmart.
"There are two fundamentally huge, disruptive changes that are happening. Smart phones and social media and those are the two areas we are addressing. The India team will be significant part of the team, the Walmart Labs mission is global and India team will developed for the this global market. The India team should have ownership of some really key pieces of the technology we are developing," he added. Rajaraman said that the India head has been appointed but did not share details.
The company started Walmart labs only a few months back after it acquired Rajaraman's earlier company Kosmix. Walmart labs will focuses on intersection of social, mobile and retail.
The $ 422 bn company, has already started hiring for this in India and the 100-person lab will be up and running the end of this year, a top company executive told on Wednesday.
Walmart labs which employs about 70- 80 people in United States will be located in Bangalore and is likely to woo talent from companies like Amazon, Google and Yahoo which have large presence in Bangalore.
"It is not very big, we belive in talent density rather than talent volume. We don't need too many people but we need very very talented people. Our goal is to get a 100 people but the really top talented people," said Anand Rajaraman, senior vice-president, global e-commerce, Walmart.
"There are two fundamentally huge, disruptive changes that are happening. Smart phones and social media and those are the two areas we are addressing. The India team will be significant part of the team, the Walmart Labs mission is global and India team will developed for the this global market. The India team should have ownership of some really key pieces of the technology we are developing," he added. Rajaraman said that the India head has been appointed but did not share details.
The company started Walmart labs only a few months back after it acquired Rajaraman's earlier company Kosmix. Walmart labs will focuses on intersection of social, mobile and retail.
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