Walmart has been increasingly active at starting up and backing startups, including financial technology startup Hazel.

Safi Keshvargar has joined Walmart, the US-listed retailer, to become ecosystem head for Store No. 8 – Walmart’s incubation unit.

He had previously lead the expansion into New York City of Brand Capital, the strategic investment arm of the Times Group – India’s largest media conglomerate – whose portfolio consists of more than 900 investments, including AirBnB, Uber, Coursera, Headspace, Square Panda and Oddup.

Kesvargar remains an investor at angel network GoingVC Partners, which backs early-stage health tech, consumer marketplaces…

James Mawson

James Mawson is founder and chief executive of Global Venturing.