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Today’s news is from Alerzo , a little-known B2B e-commerce retail startup based in Ibadan, Nigeria. Adewale Opaleye founded Alerzo in 2018 as a last-mile distribution platform that helps retailers stock inventory directly from manufacturers. In fact, it might be the second-best thing after fintech at the moment.
Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. “The digital marketing world is growing very fast and the demand for highly-skilled professionals is constantly increasing,” CEO Khlebinsky said.
As a last-mile distribution e-commerce company, JABU joins a list of startups across the continent that help small retailers order and stock their products and, at the same time, provide data-driven services to suppliers and manufacturers. Merchandising and targeted marketing and advertising also bring in bucks for the company.
Millions of small and medium businesses still operate inefficiently due to dependency on manual processes, which limits their capacity to grow and scale; this is despite contributing to about 48% of Nigeria’s GDP in the last five years, But the tide is turning. We’re not trying to solve things in fintech that have already been solved.
Changing consumer behavior and expectations, competition from major e-retailers, evolving cybersecurity challenges, inflationary pressures, sustainability and environmental concerns, and the pressure to take advantage of AI are all very real concerns for retailers today.
What really matters is determining how to fit every function together to achieve unified goals — chiefly IT and its business counterparts, given the importance technology has organizationwide. It allows businesses to be the best technologically enabled version of themselves,” Upchurch says.
Although 2024 was another exceptionally lackluster year for new public offerings, the IPO market could gain momentum in 2025 after its three-year lull. With that in mind, here are 13 companies that the Crunchbase News team thinks could be top contenders to go public if our 2025 market forecast bears out. That made sense.
Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. There is a paradox when it comes to retail investors: Many startup-related deals are out of their reach (in part for their own sake). It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.
The retail landscape has undergone massive shifts in recent years to adopt self-checkout systems. But major retailers like Walmart, Target, and Dollar General are starting to phase out self-check in some locations because they’ve contributed to higher rates of shoplifting and inventory loss. The benefits are potentially huge.
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. AfricArena, a tech ecosystem accelerator, pegged deals to close between $2.25
He called the deal “a remarkable turnaround” for Zelto, a company that has stared down a few near-death experiences, including cash flow and product market fit problems, during its 10-year-old life. wants to help recruiters find technical talent by inferring skills from GitHub code, Paul reports. Big Tech Inc. Zack has more.
million seed round boosts Butlr Technologies ’ ability to apply its real-time people-sensing technology beyond commercial real estate and retail uses to monitor falls and other movements for active seniors who are aging in place. We can bring dignity back to the technology world, while also understanding users’ needs.
The “native retail” startup announced today that it has raised $5 million in seed funding led by Accel. What a time to take a leap and start a company at the intersection of hospitality and physical retail, two industries that were getting decimated,” he said. Then it’s delivered to your home in a few days.
Over the past two years, Asia’s retailers were forced to do virtual meetings instead of visiting in-person trade shows or conferences to source new brands and products due to the pandemic lockdowns.
In Nigeria, POS terminals are used to process card payments at retail locations as well as for agency banking purposes, a branchless banking system where agents act like human ATMs. One of the biggest challenges to the mass adoption of card payments at retail locations is the rate of transaction failures due to poor internet connection.
“Brands don’t need to worry about connecting the marketing stack anymore.”. Where success in traditional retail has been determined by “location, location, location,” Tagrin said e-commerce is “all about consumer attention.” Yotpo CEO Tomer Tagrin.
In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5
Following nearly four years in the prototype phase, Cana Technology is unveiling what it calls the “world’s first molecular beverage printer” after securing $30 million in funding from venture foundry The Production Board. The new funding is being heavily invested into the supply chain and continued technology development, Mahar said.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
But of late, they’re braving a new market shaped by three major trends: stunted online shopping growth, the impact of the latest iOS privacy updates on social media customer acquisition strategies (leading to higher costs) and macroeconomic uncertainty. The new retail challenge. retail sales in Q4 of 2021, down from 13.6%
Research from Gartner, for example, shows that approximately 30% of generative AI (GenAI) will not make it past the proof-of-concept phase by the end of 2025, due to factors including poor data quality, inadequate risk controls, and escalating costs. [1] AI in action The benefits of this approach are clear to see.
Ho argued that those platforms (whether they offer delivery services, user reviews or marketing tools) all have the same underlying model: “They seek to take over a small business’ customer base and then charge them a tax to start reaching those customers.” “The incentives are more aligned,” he said.
Luca , a startup building price planning and prediction tools for retailers, today announced that it closed a $2.5 In ten months, we succeeded in plugging a massive hole in Uber’s profit and loss using pricing tech. ” Mann describes Luca as a “pricing co-pilot for enterprise retailers.” That got us thinking.”
Cymbio , a Tel Aviv-based startup focused on what it calls “brand-to-retailer connectivity,” announced today that it has raised $7 million in Series A funding. Whereas adding a new market might normally require a cost-benefit analysis (“How much money will it cost me to set up this retailer?
Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 It intends to provide a consistent and competitively priced market for the produce, helping farmers cut back on the post-harvest losses often driven by lack of markets, especially in times of overproduction.
Sindhya Valloppillil is the founder and CEO of Skin Dossier, a venture partner at Next Gen Ventures, a freelance writer and formerly a beauty industry executive and marketing professor. It may not be as glamorous as D2C, but beauty tech is big money. Smart packaging with IoT and distributed ledger technology.
The company also offers duediligence and acquisition financing from Thrasio-owned Yardline Capital and a new service called Flippa Legal. Online retail, as a share of total retail sales , grew to 19.6% Our strategy is verification at the source, i.e. data,” Hutchison said. in 2020, up from 15.8%
It’s been a very tough year for Placer.ai ’s core customer segments of retail and commercial real estate, to put it mildly. But the foot traffic and location analytics startup saw growth in new categories, including consumer packaged goods (CPG) and hedge funds that use its tech to perform duediligence.
Uberall , which works with retailers and other brick-and-mortar operators to help them update and provide more accurate information about themselves across the plethora of apps and other services that consumers use to discover them, is announcing $115 million in funding.
Amazon has become the pacemaker in commerce, and today a startup that’s been building technology to help retailers keep up with it in the world of physical stores is announcing some funding to expand its business. It will also be doubling down on expanding its technology.
India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance of more than half a dozen tech startups in the past year and a half. The regulator said the new step is aimed at bringing parity between retail and private equity investors.
“Soci became an essential partner to brands for this transformation, which led to an increased need for brands to turn to technology to manage their presence in local digital market channels.” ” Khoury has a colorful background. ” Khoury has a colorful background.
So while the company, of course, wants to be robust for developers, Vo says it is even more focused on brands that lack technical resources or domain expertise. We concluded that Productfy has the only market-ready solution to be sold to customers,” Khranyan told TechCrunch. “We It currently has eight clients, including HatchCard.
James Nash is CEO and founder of inbeta , a tech-enabled talent specialist using data, social listening and human science to help corporations overcome bias. Technology and data analysis can help you here, providing robust insights on the messages you’re sending. Technology and training in tandem can help with that.
Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. without the outsized market of South Africa. The opportunity is massive.
99 Twitter problems, and Apple might have one : It’s no secret that Elon Musk thinks Apple’s 30% IAP (“inventor assistance program” to those of us not up on tech lingo) transaction charge to developers is “a lot.” OTI raises $55 million for technology to remove screen obstructions. Big Tech Inc. The TechCrunch Top 3.
The benefits of honing technical skills go far beyond the Information Technology industry. Strong tech skills are essential in today’s changing world, and if your employees consistently and proactively enhance their IT skills, you will help them improve both personally and professionally. Yes, it may feel overwhelming.
Bob Ma is an investor at WIND Ventures , where he invests in energy, retail and mobility startups. Most major retailers are scrambling to catch up to Amazon by partnering with last-mile delivery startups. This results in inefficiencies due to a lack of technologies such as route optimization as well as a lack of operating scale.
Simultaneously, increases in compute power have made it easier to implement AI use cases at the retail edge. That’s a perfect opportunity for some long-awaited retail use cases to turn prime time. RFID has several other beneficial uses in clothing retail. RFID tags have been around for decades and now cost just pennies.
While there, they came up with a way to use A/B testing to create a way of dealing with payments in different markets. Tabor explained that the e-commerce landscape in Latin America was consolidated, meaning few banks controlled more of the market. That process involves manual analysis and constant adjusting due to fraud.
However, while it’s earned a market footprint of sufficient scale as to matter in the consumer financial technologymarket, it’s not considered a fintech company per se. retailers that already accept Apple Pay. retailers that already accept Apple Pay. That could be changing. This concept should be familiar.
Almost half of all Americans play mobile games, so Alex reviewed Jam City’s investor deck, a transcript of the investor presentation call and a press release to see how it stacks up against Zynga, which “has done great in recent quarters, including posting record revenue and bookings in the first three months of 2021.”
The technology for online shopping is not up to snuff — when you click on something, everything has to reload compared to an app like Instagram.”. More people shopping on their mobile devices creates friction due to downloading an app for each brand. 4 views on the future of retail and the shopping experience.
For one, as one source told me, BlackRock’s investment is a show of faith in the SMB 401(k) market — one where the firm hasn’t historically played. ’s auto-enrollment provisions (among others), will make 401k plans more impactful at the lower end of the market, and Human Interest is well-positioned to execute.”.
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