Shoes specialist TOMS taps Cart.com inventory management, 3PL and fulfilment offering
Footwear and lifestyle brand TOMS has selected Cart.com as its US fulfilment partner.
“We are honoured to partner with TOMS and support a brand that is an innovator in both product design and social impact,” says Omair Tariq, CEO and Co-Founder at Cart.com.
“Given the accelerating supply chain and inventory challenges facing brands, we look forward to delivering best-in-class fulfilment to their customers with Cart.com’s digital first inventory management, 3PL and fulfilment capabilities.”
“Cart.com’s technology leadership and innovation culture make them an ideal partner for us, delivering on our standard of best-in-class service to every consumer we serve, in a complex inventory, supply chain and fulfilment environment,” says Magnus Wedhammar, CEO at TOMS.
“Cart.com’s software enabled inventory, 3PL and fulfilment capabilities will enable us to deliver best-in-class fulfilment, from checkout through the last mile, across our global product line.”
Funding round
Cart.com recently raised a $60 million Series C equity funding round at a valuation of $1.2 billion.
This was an increase in valuation of nearly 50% since the startup’s Series B funding in February 2022.
Cart.com has raised $440 million in total since being founded in November 2020.
The Series C included participation from B. Riley Venture Capital, Kingfisher Investment Advisors, Snowflake Ventures, Prosperity7 Ventures, Legacy Knight, and other strategic corporate and financial investors.
The company will use the new investment to meet increased demand from enterprise and B2B clients, accelerate its international expansion, and expand product development across its software portfolio.
2022 RTIH Innovation Awards
Cart.com emerged victorious at the 2022 RTIH Innovation Awards in December, picking up the Startup of the Year gong.
Our 2022 winners were revealed at a sold out event in central London on Tuesday, 6th December.
Our judging panel praised Cart.com for “enabling brands to optimise their product listings, pricing and traffic, as well as their channel strategy by leveraging AI’s predictive capabilities to show up on the channels where their customers are buying.”
RTIH Editor, Scott Thompson, said: “Innovation and technology play a critical role in the success of the retail sector, so it is great to recognise standout examples through our awards.”
“Thanks to all those who entered the 2022 event. We received a record number of submissions and many fantastic examples of the continued resilience and dynamism of the retail space during hugely challenging times.”
“Congratulations to our 2022 retail technology hall of fame entrants.”
The 2023 RTIH Innovation Awards are now open for entries. Click here for further information.
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