How Flipkart Is Strengthening Its Presence in Israel With New International Team
5 April 2019 6:58 AM GMT
Seven months after its strategic acquisition of Israel-based analytics company, India?s leading e-commerce giant, Flipkart is now aiming to strengthen its foothold in the country and absorb the best of its technological finesse. According to a report by a national daily, Flipkart now wants to expand its base in Israel and is reportedly placing off-shore?
- According to 2018 Global Startup Ecosystem Report, which analysed the startup ecosystems across the world, Tel Aviv emerged has the top best city for startups to grow and thrive.
- Amidst the development in the overall startup ecosystem, AI startups have garnered considerable impetus, with the country estimated to be one among the top AI superpower in the world in coming years.
- Towards the end of 2018, an estimated 1150 startups AI startups were believed to be operational in the country, catering to various segments in the country.
- Its acquisition of Upstream Commerce comes at a time when the AI and analytics market in the country is estimated to take upward mobility.
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