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News, Startups - Tuesday, November 15, 2011 14:40 - 0 Comments
Australian startup Grabble bought by Walmart
news Retail giant Walmart has acquired fledgling Aussie tech startup Grabble for an undisclosed figure, with the deal being announced this week on the company’s site by founders Stuart Argue and Anthony Marcar.
Grabble’s technology and talent (focused on digital receipts on smartphones) will be absorbed into Walmart Labs, the digital technology division of Walmart. Argue and Marcar also announced their future relocation to Silicon Valley in California, the established base of the Walmart Labs team.
Stuart and Argue especially appreciated the encouragement from Startmate, the Australian mentor-driven seed financing group which provided Grabble with continuous guidance and contacts. The founders also expressed their thanks to US tech accelerator 500 Startups, “for our American home and great times”.











