In its first ever Indian acquisition, WalmartLabs, the technology arm of US based retailer Walmart 'acquihired' a six-member Bengaluru based company Appsfly, which built a system for micro apps to get hosted and streamed on any platform, Business Standard reported.

The team of AppsFly will join WalmartLabs to produce engaging and consistent shopping experience to its Walmart customers, the report said.

“As a key market of growth and expansion, this is an important step we have taken in India. At Walmart, innovation is our DNA and our teams are invested in creating a seamless experience to let customers shop anytime and anywhere,” Hari Vasudev, country head and vice-president for technology at Walmart Labs India, was quoted in the report.

Earlier this year, Walmart bought one of India’s leading e-commerce website Flipkart for $16 billion.

The retailer is on the look out to acquire more Indian startups, added the report.