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Jerusalem Life

| Walmart-owned e-commerce 'Flipkart' sets up Israel R&D

Chaya V    
Wednesday, 03 April 10:40 AM

Indian e-commerce giant Flipkart, which is owned by US retail giant Walmart, is setting up an R&D center in Israel to focus on cybersecurity, cloud computing and data protection, according to India's "ETTech." The new center will also scout for acquisitions in the country.

Flipkart said that it is hiring a new management team for the center, which will be based on their acquisition of Tel Aviv-based Upstream Commerce in September, 2018. Flipkart acquired the cloud-based, automated competitive pricing and product analysis solutions company for an estimated $30 million.

         
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