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Walmart Startup Programs & Corporate Open Innovation Analysis Ecommerce & Retail · Retail

Walmart is a retail corporation that operates several chains of discount departments and warehouse stores.
walmart.com Bentonville, United States Founded Available with StartupBlink Pro

In StartupBlink's Corporate Startup Activity Index, Walmart ranks #212 globally and #83 in the United States. It ranks #18 in the Ecommerce & Retail industry and #3 in the Retail subindustry.

Global
Corporate Startup Activity Index
#212
Industry
Ecommerce & Retail
#18
Subindustry
Retail
#3
National · United States
Corporate Startup Activity Index
#83
More Ranked Corporates
Key metrics

Walmart Startup Activity Metrics

Walmart has supported 62 startups through programs and investments, with those companies raising a combined $34 billion over the last ten years. The company currently operates 6 active startup programs.

Overview

Explore Walmart's investments, startup programs, and corporate open innovation activity

The company currently runs 6 active startup programs supporting 62 startups worldwide across industries such as Ecommerce & Retail, Energy & Environment, Fintech, and Foodtech. Its venture arm Walmart direct strategic investments has invested in over 22 startups.

The corporate-innovation activity is concentrated in Software & Data, Ecommerce & Retail, and Fintech, categories where Walmart's scale provides outsized leverage to early-stage startups.

Activity breakdown

Where Walmart-associated startups operate

Sector, HQ-city and program-location breakdowns for the startups associated with Walmart. Unlock the full breakdown with StartupBlink Pro.

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Sector, HQ-city, and program-location breakdowns for all 62 startups associated with Walmart are part of StartupBlink Pro.

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Programs & CVC

Walmart Startup Programs and Corporate Venture Capital initiatives

Walmart engages startups through 6 active programs, supporting 62 startups in total based on our database.

Flipkart Leap
Flipkart Leap
Cohort Program · est. 2011
Cohort Program
Flipkart Leap is a startup accelerator program by India’s leading e-commerce giant Flipkart, aiming to create an ecosystem of strong startups in the Technology and Consumer Internet space foc
Flipkart Ventures
Flipkart Ventures
Corporate Venture / Investment · est. 2019
Investment Program
Flipkart Ventures is the venture arm of Flipkart.
S(
Sparkcubate (Walmart Start)
Cohort Program
Cohort Program
1 startup
SP
Sparkcubate Program
Startup Activation
Startup Activation Program
SN
Store No. 8
Cohort Program
Cohort Program
WD
Walmart direct strategic investments
Corporate Venture / Investment
Investment Program
22 startups
WS
Walmart Sparkathon
Startup Activation
Startup Activation Program
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List of Startups

Top startups associated with Walmart

Walmart's top 5 associated startups have raised 92% of the $34 billion raised in the last ten years across all 62 associated startups, led by Cruise at $20.6 billion. Walmart is associated with 57 active startups and 5 exits. Flipkart Leap supports the largest number of startups, with 29 associated startups.

Disclaimer: This is based on general open web search and prone to mistakes.

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Startups associated with Walmart
StartupSB ScoreIndustryHQ cityLink Type to CorporationLinked via
FlipkartFlipkartSB 904Ecommerce & RetailBangaloreDirect InvestmentWalmart direct strategic investments
PhonePePhonePeSB 785Software & DataAndheri AcquiredWalmart direct strategic investments
ShadowfaxShadowfaxSB 696Ecommerce & RetailBangaloreDirect InvestmentWalmart direct strategic investments
Showing 3 of 62 startupsExport to CSV →Pro

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Corporate Startup Activity Index · 2025

Global Corporate Open Innovation Rankings

Explore the top 372 corporations in StartupBlink's Corporate Startup Activity Index. Walmart ranks #212 globally and #83 in the United States. It accounts for 1.1% of the measured corporate startup activity in the Ecommerce & Retail industry and 0.1% of the activity generated by corporations in the United States. Unlock more granular data on each corporation with StartupBlink Pro.

Download the 2025 Report