Investment Thesis Map
We mined Walmart's acquisitions, investments, and partnerships to discern the company's strategic priorities.
Walmart is the biggest retailer in the world, with more than 10,500 stores in 24 countries and global annual revenues of more than half a trillion dollars. The retailer has built its massive scale largely through expanding its brick-and-mortar stores, as well as its foundational promise of broad access to low prices on everyday goods.
But in the last 2 years, Walmart has ramped up investments and partnerships in e-commerce and even areas outside of retail. These investments point to Walmart’s long-term strategy of capturing revenues from new sources while also maintaining its low-price pledge.
Using CB Insights data, we uncovered 6 of the most important strategic priorities highlighted by Walmart’s recent acquisitions, investments, and partnerships. We then categorized companies by their business relationships with Walmart across these priorities.
- Autonomous delivery
- Digital advertising tech
- E-commerce assortment expansion
- E-commerce merchandising
- Fulfillment & delivery tech
- Healthcare access