The five most important retail tech news stories of the week

It’s Friday, the week is nearly done, so let’s kick back and reflect on another eventful week for the retail technology space. Here's your briefing on some of the most important and interesting stories from the past five days.

1. Amazon Go Grocery is a game changer. Here’s why

Amazon has opened the first Amazon Go Grocery store in its hometown of Seattle.

2. Tesco picks London for big cashless store move

Tesco has opened its first cashless store, situated in High Holborn, London. 

3. BharatPe notches up blockbuster valuation

Indian digital payments startup BharatPe has announced a $75 million Series C funding round, valuing it at over $400 million.  

4. Fifth Wall $100m Retail Fund targets online brands with physical plans

US-based venture capital firm Fifth Wall has closed a $100 million vehicle labelled the Retail Fund. This is aimed at online players wanting to add physical stores to their arsenals. 

5. Klarna and Afterpay take a hit

Buy now, pay later specialists Klarna and Afterpay have posted losses as they pursue growth in various markets.

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