You can be one step ahead of your customers (and your competition), enabling you to make educated decisions that will improve conversion rates and increase profits.Upstream Commerce is the leading solution for pricing and product intelligence, helping you proactively adjust your pricing to the most appropriate levels for market conditions. 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.”
Ltd. Flipkart acquires Israeli analytics startup Upstream Commerce Upstream Commerce CEO Amos Peleg said: “The choice and vision of Flipkart to establish its presence in Israel through acquiring Upstream Commerce is a significant vote of confidence in the company’s team, technology and domain expertise, and are looking forward to help growing the presence of Flipkart in Israel.” 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 builds cloud-based, automated real-time pricing and product analysis solutions.
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The Upstream Commerce team will continue to work out of Israel after the buyout. The choice and vision of Flipkart to establish its presence in Israel through acquiring Upstream Commerce is a significant vote of confidence in the company’s team, technology and domain expertise, and are looking forward to help growing the presence of Flipkart in Israel.”Search for what you want, categories, tags, keywords, authors, events, anything under YourStoryStarted by IIT Bombay and BITS Pilani alumni, this edtech startup is using AI to simplify parent-teacher collaboration[Startup Bharat] This Meerut-based platform connects buyers and sellers; is giving tough fight to OLX, eBay[Jobs roundup] If education excites you, try these openings at edtech startup Toppr[Funding alert] Workflow automation app Delightree raises $3M in seed round Avendus Capital was the financial advisor to Upstream Commerce.Kalyan Krishnamurthy, CEO, Flipkart, said, “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. Upstream Commerce was launched in 2010 and it is based on New York and Israel. Manish Sabharwal on 5 things India must do to revive the economyThe week that was: how bike rental company Vogo tapped IoT and India’s growing appetite for cloud kitchens What if traditional pricing and product intelligence solutions were no longer difficult to use and expensive to maintain?
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upstream commerce israel