Tesco throws its weight behind Trigo Vision

Tesco has made an undisclosed investment in Trigo Vision’s frictionless shopping platform. This is in addition to a $22 million funding round recently announced by the Israeli startup.

Earlier this year, we reported that the grocery giant was trialling checkout-less stores in partnership with Trigo Vision. If successful, a preliminary roll-out in further stores will follow.

“I remember the first time we met, the first demo etc and very excited to see what is coming,” Paul Wilkinson, Head of Product for Space, Range and Merchandising at Tesco, said on LinkedIn.

The investment was revealed as the retailer announced a so-so performance in the first half of the 2019/2020 trading period, all of which was overshadowed by boss Dave Lewis resigning and handing over to Ken Murphy.

Other tech highlights included its Scan, Pay, Go app now being available to over 5,000 colleagues, the Tesco Connect supplier platform and new algorithms improving fresh sales forecast accuracy by 6.7% and Pay+ transactions increasing by 18% in 1H, with a 4% increase in cashless transactions helping to lower cash handling costs.