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Walmart to focus on small startup acquihires in India
MUMBAI: Walmart is looking for tech acquisitions in India. The retailer, which agreed to acquire home-grown e-commerce platform Flipkart in May, is now looking for tech acquisition to strengthen its technology unit Walmart Labs.
Unlike other overseas internet companies such as Amazon and Google, the Arkansas-based company will eye acqui-hire/acquisitions involving small amounts. Acqui-hiring refers to the practice of buying a company in a cut-price deal primarily for the purpose of ‘hiring’ the company’s founders and key employees.
“We got close to doing a couple of (acquisitions)… nothing that was a perfect fit. There were a couple that would have been interesting additions to our competitive intelligence platform. I’m looking at (acquisition candidates) in merchandising, machine learning right now,” said Walmart chief technology officer Jeremy King as quoted by publication Mint.
King also said that Walmart Labs will hire 2,000 engineers across the world, including India. Last year, Walmart Labs hired Hari Vasudev from Flipkart to head its Bengaluru office. Vasudev is also now acting head of data science for Walmart globally. Walmart Labs will hire more senior tech talent in Bengaluru.
“The initial team in Bengaluru was only 30 people and now we have several hundreds. We’re hiring machine learning experts, anyone who’s got merchandising and supply chain experience, data science and cloud experts… just high-quality engineers. We also have some product openings,” the report quoted him as stating.
Having set up its centre in Bengaluru, Walmart completes the acquisition of Flipkart, which is expected to be wrapped up this quarter; Walmart Labs will work closely with the tech team of the Indian online retailer. Other American retail and tech firms such as Amazon, Uber, Target and others have tech centres in Bengaluru as hiring engineers here is far cheaper than in the US.
The acquisitions will, however, be of a much smaller size in comparison to the investment of $16 billion to buy 77 per cent stake in Flipkart.
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Emami names Dhruv Aggarwal as chief growth officer
Former Bain partner steps in as FMCG firm sharpens growth playbook
MUMBAI: Emami Limited has appointed Dhruv Aggarwal as its chief growth officer, effective 25 March 2026, following the resignation of Giriraj Bagri.
Aggarwal joins the FMCG major from Bain & Company, where he most recently served as partner. With over two decades of experience across consulting and strategy, he brings a global perspective shaped by work across India, the US, the UK and Germany.
During his tenure at Bain, Aggarwal advised consumer, retail and media companies on large-scale transformations, business turnarounds and growth strategies. He was also closely involved with India’s startup ecosystem, guiding early-stage ventures on scaling and digital expansion, while supporting private equity and venture capital firms on investment decisions.
His earlier stints include a brief role at Barclays Capital and operational experience at Jindal Power, giving him a mix of financial and industry exposure.
Academically, Aggarwal holds an MBA from Indian Institute of Management Bangalore and has also been associated with University of Illinois Urbana-Champaign as a PhD candidate and teaching assistant.
The appointment comes at a time when Emami Limited is looking to sharpen its growth strategy in a competitive consumer market. With a seasoned strategist now at the helm of growth, the company appears set to double down on transformation and expansion in the months ahead.
