The retail technology week in numbers
Do you like numbers? Do you like retail technology? Then this is the article for you.
£97.5 million …Resident, a platform of direct-to-consumer brands in the home goods space, has announced a £97.5 million Series B funding round.
This was led by Ion Crossover Partners and Nexus Capital Management with participation from Baron Capital Group.
The funds will be used to expand its bricks and mortar retail footprint in the US and strengthen its supply chain and infrastructure.
$280 million…Indian business-to-business e-commerce startup Udaan has raised $280 million.
$50 million…Beauty tech solutions provider, Perfect Corp., has closed a $50 million Series C round led by Goldman Sachs.
1.1 million…Sainsbury’s delivered 1.1 million online food orders in the ten days to Christmas, double the number of 2019.
The supermarket announced this as part of a strong Q3 and Christmas performance.
7 and 14…Digital Catapult has announced the seven companies – including Sainsbury’s – which have partnered with its Made Smarter Technology Accelerator programme and have set 14 challenges for tech companies to respond to.
These include increasing shelf life and sell through of products while reducing waste.
$47 million…Oxbotica, a UK-based autonomous vehicle software specialist, has completed a $47 million Series B investment.
£220 million…Primark says it will lose an additional £220 million in sales under new restrictions to control the spread of Covid-19 in the UK.
Its owner, Associated British Foods, expects to lose £650 million in sales in the year to September, up from the £430 million it had flagged up on 4th December.
This followed the government announcing the likes of Manchester and Birmingham must join London and the south east of England in closing non-essential stores.
£2 million…NearSt, a British retail technology venture that aims to drive more people onto the high street, has pulled in £2 million in seed funding from international property company Grosvenor Group.
The London-based company, which was founded in 2015, has now raised £5 million in total.
£50 million…UK-based online marketplace OnBuy kickstarted 2021 with a £50 million price crash event for New Year’s Day.
1…Majid Al Futtaim, which owns and operates shopping malls, retail, and leisure establishments in the Middle East, Africa and Asia, has opened its first Carrefour store in Tashkent, Uzbekistan.
11…Amazon has purchased 11 Boeing 767-300 aircraft as it looks to speed up delivery times for US customers.
The e-commerce giant is buying seven aircraft from Delta and four from WestJet, which will join its Amazon Air cargo network in 2021 and 2022.
87%…UK retail footfall slumped -87% YoY on Boxing Day, according to Sensormatic data from ShopperTrak.
Sign up for our free retail technology newsletter here.
