The world’s largest retailer Walmart is planning to start an innovation lab in India to develop technologies to improve its online shopping experience. The innovation lab will start be the end of the year.
The company has already begun hiring for its Indian office in Bangalore and is looking to staff it with 100 of the best engineers in the field. It is likely to woo talent from companies like Amazon, Google and Yahoo which have large presence in Bangalore.
Anand Rajaraman, senior vice-president, global e-commerce, Walmart says:
“It is not very big, we belive in talent density rather than talent volume. We don’t need too many people but we need very very talented people. Our goal is to get a 100 people but the really top talented people,”
He further added:
“There are two fundamentally huge, disruptive changes that are happening. Smart phones and social media and those are the two areas we are addressing. The India team will be significant part of the team, the Walmart Labs mission is global and India team will developed for the this global market. The India team should have ownership of some really key pieces of the technology we are developing,”