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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. Then, he stumbled on the country’s B2B e-commerce retail opportunity. “We

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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. ” According to Khlebinsky, Retail Rocket uses a mathematical model to segment first-time buyers of a company’s product. . Image Credits: Retail Rocket.

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IT leaders: check out how 2D barcodes and RFID are reinventing retail

CIO

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.

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How e-commerce companies can brave the new retail environment

TechCrunch

He focuses on software, fintech, digital health and consumer investments. While these factors are largely out of retailers’ control, we’re seeing a few emerging companies that have adapted by entrenching with existing customers and building their organic brand. The new retail challenge. The new retail challenge.

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Y Combinator-backed Luca aims to optimize retail prices at enterprise scale

TechCrunch

Luca , a startup building price planning and prediction tools for retailers, today announced that it closed a $2.5 ” Mann describes Luca as a “pricing co-pilot for enterprise retailers.” Luca’s platform attempts to optimize retail prices using historical data and other signals. million equity investment.

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Backed by Accel, Minoan Experience is creating a new category of e-commerce called ‘native retail’

TechCrunch

Instead of asking the property owner where it’s from and tracking it down, Minoan Experience lets you order the product by scanning a QR code. The “native retail” startup announced today that it has raised $5 million in seed funding led by Accel. Then Minoan’s tech gives them an easy way to buy those products and also collect reviews.

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Unlocking the full potential of enterprise AI

CIO

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] 4] On their own AI and GenAI can deliver value.