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Flipkart, in order to compete with its American counterpart in India Amazon will now get access to advanced data science-based intelligent solutions through the acquisition, it said in […] These capabilities will be a big addition for us and together with our in-house AI capabilities, we will be able to share actionable insights with our sellers to help them make informed decisions on products and their pricing," said Head of Marketplace, Flipkart, Anil Goteti.

"We are excited to become a part of India's largest e-commerce player. Israeli hi-tech startups are increasingly keen on organic means to scale up into global markets over quick exit to international companies through mergers and acquisitions (M&A), says UK-based research firm Global Data.Israeli startup Hailo, which deals in processing architecture for deep learning on edge devices, has expanded its Series A funding round to $21 million. Israel.” Upstream Commerce was backed by YL Ventures as a leading investor from its inception to acquisition. Post your offer.

Flipkart said it has acquired Israel-based technology firm Upstream Commerce for an undisclosed amount as the Walmart-backed firm aims to further strengthen its selection and pricing capabilities. During our discussion, as we got to know more about Flipkart, we realized that we share the same passion for Upstream Commerce was backed by YL Ventures as a leading investor from its inception to acquisition. While we have been actively developing machine learning algorithms to further improve the selection and pricing parameters for sellers, we believe that through added capabilities from Upstream, we will be able to provide them with automated pricing and help plan better selection in the most accurate, timely, and profitable way. Living up to its word, the Indian e-commerce major has acquired an Israel-based analytics startup Upstream Commerce. )Copyrights © 2020 Business Standard Private Ltd. All rights reserved. Post the acquisition, the Upstream Commerce team, while continuing to work out of Israel, will become a part of Flipkart and become Flipkart’s one of the many global centers for future data science work. One of Israel’s leading technology startups, Upstream Commerce builds cloud-based, automated competitive pricing and product analysis solutions. "We will be able to provide them with automated pricing and help plan better selection in the most accurate, timely, and profitable way.

During our discussion, as we got to know more about Flipkart, we realized that we share the same passion for technology, and the same vision for the contribution of data science to the future and success of online retail," said Amos Peleg, CEO Upstream Commerce.Upstream Commerce was backed by YL Ventures as a leading investor from its inception to acquisition. Business Standard is happy to inform you of the launch of "Business Standard Premium Services"As a premium subscriber you get an across device unfettered access to a range of services which include:Welcome to the premium services of Business Standard brought to you courtesy FIS. Viola Group is focused on funding Israeli technology-based companies. Upstream Commerce builds cloud-based, automated competitive pricing and product analysis solutions. The move will help Flipkart to deliver real-time pricing and product analytics to its seller partners. A b o u t F l i p k a r t : Flipkart is India’s largest e-commerce marketplace with a registered customer base of over 100 million. We are here to present to you the best of the business sector in Israel. More. Viola Group (Hebrew: קבוצת ויולה ‎, alt: Hebrew: קרן ויולה ‎), established in 2000, is an Israeli private equity investment group with over $3 billion under management. The choice and vision of Flipkart to establish its presence in Israel through acquiring Upstream Commerce is a significant vote of confidence in the company’s team, technology and domain expertise, and are looking forward to help growing the presence of Flipkart in Israel.” Upsream Commerce was founded by Amos Peleg and Dr. Shai Geva in 2010. Int’l companies acquire 6 Israeli firms in September Ireland’s Medtronic buys Mazor Robotics, China’s Venus Medtech buys Keystone Heart, India’s Flipkart buys Upstream Commerce, US’s Grubhub grabs Tapingo. "In the past decade, Flipkart has not only pushed for e-commerce growth in India but has also solved quintessential Indian problems through technology innovations and we will continue to be aggressive in building and getting global tech to solve for some of the hardest e-commerce problems. The acquisition is in line with Flipkart’s growth strategy both through in-house efforts as well as the inorganic route and will help provide wider selection and better pricing for Flipkart customers.“In the past decade, Flipkart has not only pushed for e-commerce growth in India but has also solved quintessential Indian problems through technology innovations and we will continue to be aggressive in building and getting a global tech to solve for some of the hardest e-commerce problems.
Flipkart has acquired Israel-based Upstream Commerce, a company that deals in real-time pricing and product assortment optimization solutions.
e-commerce marketplace Flipkart has announced the acquisition of Israel-based Upstream Commerce, a world leader in real-time pricing and product assortment optimization solutions.One of Israel's leading technology startups, Upstream Commerce, builds cloud-based, automated competitive pricing and product analysis solutions. Avendus Capital was the financial advisor to Upstream Commerce. Read Article Flipkart has strengthened its innovation capabilities with the acquisition of Israel-based Upstream Commerce, a world leader in real-time pricing and product assortment optimization solutions. The team at Upstream Commerce is highly talented and as we welcome them to Flipkart we are also looking forward to making Israel one of our excellence centres to do cutting-edge data science work,” said Kalyan Krishnamurthy, CEO, Flipkart.“At Flipkart, we have helped get lakhs of small and medium businesses online and it is important for these businesses to price their products correctly. With the Upstream acquisition, we will now have tech and talent presence across Asia, US and Israel, some of the key global hubs for innovation. to the Federation of Israeli Chambers of Commerce Website!
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