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Alerzo raises $10.5M Series A to bring Nigeria’s informal retail sector online

TechCrunch

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 363
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Marketing automation startup Retail Rocket nabs $24M for expansion

TechCrunch

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.

Retail 246
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YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play

TechCrunch

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.

Retail 354
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Nigerian retail automation platform Bumpa raises $4M, led by Base10 Partners

TechCrunch

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.

Retail 363
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Competition is stiff, but retailers know what it takes to compete

CIO

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.

Retail 97
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11 ways to ensure IT-business alignment

CIO

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.

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Forecast: 13 Companies That Could Go Public In 2025 If The IPO Market Gains Steam

Crunchbase News

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.

Marketing 129