International Retailers turn to Israeli Startups to Fight the Amazon Giant

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In October, two Israeli e-commerce start-ups were sold to foreign buyers for a combined US$250 million. Tapingo, which enables students to order meals on campus, was acquired by the U.S. company Grubhub. Upstream Commerce was bought for a reported US$50 million by Indian online retailer Flipkart (which is part of American group Wal-Mart) to help it deliver real-time pricing and product analytics to sellers. Ten months ago, the Chinese group Alibaba paid US$15 million for Israeli company Visuale

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