Subscribe now and receive daily updates The value of the deal was not disclosed. Property of Mosaic Media Ventures Pvt. 25 September 2018, India: Flipkart has acquired Israel-based startup Upstream Commerce. Property of Mosaic Media Ventures Pvt. Upstream Commerce is a retail price optimisation platform that tracks prices and availability of products across several retailers including Walmart, Amazon, Barnes&Noble and Costco to give its customers real time insights that help them be more competitive.

Flipkart acquires Upstream Commerce to optimise pricing of products The Tel Aviv company's technology will help sellers on Flipkart price products more competitively. Photographer: Dhiraj Singh/BloombergWalmart-backed Flipkart today said that it has acquired Israel-based Upstream Commerce for an undisclosed amount as the e-commerce giant aims to further strengthen its selection and pricing capabil...Missing BloombergQuint's WhatsApp service?

Amidst dealing with the new FDI rule and e-commerce draft policy, Flipkart is now facing an $800,000 lawsuit over the acquisition of Upstream Commerce, which was announced in September last year. The buyout of Upstream Commerce, which offers cloud-based, automated competitive pricing and product analysis solutions, will also strengthen Flipkart’s ability to deliver insights to its sellers, it said. Copyright © 2020 VCCircle.com.

The suit has been filed by Wolet Capital Corporation, an investment bank that counts US-India cross border deals as its key area of function.

Flipkart said the acquisition was in line with its “vision to solve e-commerce challenges through technology innovations - both through in-house efforts as well as the inorganic route.” “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,” said Kalyan Krishnamurthy, chief executive officer of Flipkart.Founded in 2010 by Amos Peleg and Shai Geva, Upstream Commerce is backed by Israeli investment firm YL Ventures. Avendus Capital was the financial advisor to Upstream Commerce. Flipkart acquires Israeli analytics startup Upstream Commerce

How Flipkart’s Customer Experience team empowered agents to work from home. Walmart-owned Flipkart, the country’s largest e-commerce company, said on Tuesday that it has acquired Upstream Commerce, an Israeli startup which uses predictive analytics to automatically fix retail prices of products.

Upstream Commerce was backed by YL Ventures as a leading investor from its inception to acquisition. Customer First.

After acquisition, the Upstream Commerce team, will become a part of Flipkart and become Flipkart’s one of the many global centers for future data science work.

The financial details of the deal have not been disclosed yet.

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.Pay using Master/Visa Credit Card & ICICI VISA Debit CardAuto renewed (subject to your card issuer's permission) 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 “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. Ray of hope: Flipkart customer support executive Debasish Ray gets going when the going gets tough.

Bloomberg | Quint is a multiplatform, Indian business and financial news company. 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. – Acquisition to further strengthen selection and pricing capabilitiesPost 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.The acquisition is in line with Flipkart’s vision to solve e-commerce challenges through technology innovations- both through in house efforts as well as 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 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. Ltd.

“They’ve been around for years and serve multiple e-commerce customers around the world. Ltd. Join our

Merger and Acquisitions: Flipkart acquired Upstream Commerce

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