RTIH brings you the retail technology week in numbers
Do you like numbers? Do you like retail systems news? Then this is the article for you. Including Shopic, AiFi, Deliveroo, Amazon, Walmart, Getir, Tesco, and CleverTap.
$35 million and $56 million…Smart grocery shopping cart startup, Shopic, has announced a $35 million Series B investment round led by Qualcomm Ventures, bringing its total funding raised to $56 million.
Other participating investors include Vintage Investment Partners and Clal Insurance, together with Shopic’s existing backers IBI Tech Fund, Tal Ventures and Shufersal.
£147 million…Losses at Deliveroo rose by more than half to £147 million in the first six months of the year, with consumers spending less on eating out and take-aways, amid soaring costs in food, fuel and energy.
Revenues were up 12% year on year to £1.01 billion in the first six months, but pre-tax losses widened by 54% due to the increasing cost of delivery riders and staff – particularly those in technology roles.
27…Rapid delivery firm, Getir, says that it is rolling back several grocery prices to the 90s in response to the cost of living crisis and the highest inflation rates in 27 years.
Customers can bag the likes of a Cadbury Dairy Milk bar for 45p, a pack of spaghetti for £1.09, Salad Cream for £1.29p, and a 800g white medium Kingsmill loaf for £65p.
The price promotion is running throughout the whole of August on the Getir app.
Products will be available to deliver in minutes across London, Birmingham, Manchester, Brighton, Bristol, Cardiff, Liverpool, Southampton, Portsmouth, Leeds, Cambridge, and Leicester.
80…AiFi has reached the milestone of 80 autonomous retail stores open worldwide.
By working with technology providers and retailers such as Verizon, Microsoft, Carrefour, Aldi, Compass Group, Sodexo, Choice Market and Żabka Group, AiFi says that it has deployed the largest number of camera only, computer vision powered stores across North America, Europe, Middle East, and Asia.
This year, it increased its speed of deployment to two stores per week.
AiFi showcased this rate of deployment by opening 50 computer vision powered locations with Żabka, Poland’s largest convenience store chain, in the span of a few months.
$105 million…CleverTap, a B2B SaaS platform for customer engagement and retention, has signed definitive agreements to raise $105 million in a Series D funding round led by CDPQ, with participation from IIFL AMC's Tech Fund, along with existing investors Tiger Global and Sequoia India.
$22 million…Fresh food pet tech platform, KatKin, has announced a $22 million Series A round to expand its offering, increase R&D, and take on the likes of Butternut Box in the pet food/D2C space.
The Series A was led by Verlinvest and Perwyn with participation from Octopus Ventures.
400…Tesco says it is the first retailer to launch a zero-emission electric lorry to make deliveries from its distribution centres to stores in city centres.
The first of these vehicles, made by Renault Trucks, is now delivering to more than 400 stores in Greater London, with further electric lorries entering service in the coming months.
$8.5 million…ReturnLogic, a specialist in returns management (SaaS) solutions for e-commerce brands and retailers, has completed a $8.5 million Series A funding from an investor group led by Mercury with participation from Revolution’s Rise of the Rest Fund, White Rose Ventures and Ben Franklin Technology Partners.
400,000…Walmart will this month open a consolidation centre in Lebanon, Pa.
The new 400,000 square-foot facility, located at 1625 Heilmandale Road, will bring nearly 1,000 additional jobs to the area.
Once implemented, the facility’s automated technology can enable three times more volume to flow throughout the centre and help Walmart deliver the right product to the right store.
The consolidation centre will service all 42 regional distribution centres across the US, with plans to service fulfilment centres in the near future.
900 million…The number of buy now pay later (BNPL) users will surpass 900 million globally by 2027, increasing from 360 million in 2022, according to Juniper Research.
This growth of 157% will be driven by the anticipated economic downturn, which will increase the demand for low cost credit solutions.
65…Amazon One palm scanner payment technology is set to launch at over 65 Whole Foods stores in California.
This is the biggest roll-out to date, with stores in Malibu, Montana Avenue, Santa Monica, Los Angeles, Orange County, Sacramento, the San Francisco Bay Area, and Santa Cruz included in the initiative.
Amazon One was initially available in Amazon Go stores, with an eventual expansion to Whole Foods stores in Austin, Seattle, Los Angeles, and New York City.
Customers can also try out the tech at the Amazon Style fashion store in Glendale, California, along with select Fresh and Go stores.
