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VCs to recommerce startups: Let’s pop some tags

TechCrunch

Yet, today it’s become one of the hottest topics for consumers, brands and investors alike with a record ~$6 billion of venture capital funding pouring into recommerce companies in 2021 and the market projected to reach $250 billion+ by 2027. That’s 5x faster growth than the overall retail market. Why the sudden recommerce resurgence?

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CIOs take aim at SaaS sprawl

CIO

Years into strategies centered on adopting cloud point solutions, CIOs increasingly find themselves facing a bill past due: rationalizing, managing, and integrating an ever-expanding lineup of SaaS offerings — many of which they themselves didn’t bring into the organization’s cloud estate.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

Fashion 192
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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch

Josh Kaplan and Dee Murthy, both founder and co-CEO of the Los Angeles–based company, started Ghost in 2021 after previously working together at Four Five Group, a men’s apparel business. Naturally, they started in apparel but are also seeing opportunity in beauty and home goods. to develop some sweet inventory-planning software.

Apparel 232
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TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business.

Retail 253
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Daily Crunch: Berlin-based design platform Kittl raises $11.6M Series A to take on Adobe and Canva

TechCrunch

Today, that’s our delightful little morsel of whimsy, courtesy of Frederic ’s review of a new keyboard (scroll all the way to the bottom for a photo of the adorable little kitteh). The news comes as a surprise considering the rather dry public market activity in the tech world, Mary Ann and Natasha M report. PST, subscribe here.

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Repeat raises $6 million Series A for its service that makes reordering favorite products easier

TechCrunch

This service is now being used by 67 companies in the consumer packaged goods (CPG) market, including brands like By Humankind (personal care), Jot (coffee), Vegamour (haircare), Youth to the People (skincare), Osea (skincare), hydrant (rapid hydration packets), Twice (toothpaste), lemon perfect (flavored water), and many others. ” .