Walmart Labs acqui-hires startups FloCare and BigTrade

Walmart Labs, the technology arm of the US retail giant, has acqui-hired health tech start-up FloCare and B2B trading platform BigTrade for an undisclosed amount. Walmart has brought on-board the ??teams of the two Bengaluru-based companies to help strengthen its customer technology and supply chain.

Milkbasket acquires Bengaluru’s e-grocery store PSR Supply Chain

Online grocery delivery platform Milkbasket said on Tuesday that it has bought Bengaluru-based e-grocery distributor PSR Supply Chain for an undisclosed amount.

“The acquisition of PSR Supply Chain helps us in further strengthening our customer base and offerings in Bengaluru," said Anant Goel, co-founder and CEO of Milkbasket.

The Delhi-based grocery start-up, which acquired Noida-based vegetables supplier Veggie India in March, has been on an acquisition spree, buying out local businesses that could help it gain a wider customer base. PSR Supply Chain, which caters to customers in east Bengaluru, has a network of over 4,000 registered customers and its last reported annual turnover was over Rs 2.5 crore.