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

TechCrunch

In August, Bumpa made a move that conveyed a message: It approached its relationship with small businesses differently as a retail automation company, not an embedded finance platform. . “I Most of them have fintech elements; we are not trying to be fintech — we’re in the retail automation space,” CEO Umechukwu expressed.

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MarketForce exits three markets, set to launch a social commerce spinout

TechCrunch

Kenyan B2B e-commerce company MarketForce has shut down operations in three of its five markets in Africa and is in the early stages of launching a social commerce spinout.

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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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How social commerce is bridging Southeast Asia’s infrastructure gaps

TechCrunch

Conceptually, social commerce isn’t new — it has existed in some form ever since people have made recommendations to each other. Today social networks are more powerful than ever, and startups and corporations are innovating new commerce models that leverage the greater reach available to us.

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How e-commerce companies can brave the new retail environment

TechCrunch

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%

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Indian social commerce Meesho raises $570 million at $4.9 billion valuation

TechCrunch

billion, as a growing number of high-profile investors back the Indian social commerce startup that is reporting strong growth despite the pandemic. India is primarily an unorganized market; 80 to 85% of the entire retail GDP is unstructured and long-tail and run by small businesses. Everything else was primarily offline.”.

Social 250
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Gamitee becomes Joyned as it secures $4M for social shopping platform

TechCrunch

Joyned , formerly known as Gamitee , announced Wednesday that it raised $4 million in seed funding to continue developing its e-commerce platform that puts merchants in the driver’s seat of social engagement. Arthur is a legend in retail, and he is helping us a lot in the U.S. market,” Abraham said. market and build our brand there.”.

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