RTIH reviews an eventful month for the retail systems sector, including Gopuff, Jeff Bezos, Amazon, Shopify, Instacart, Flipkart and Walmart.
Good month for…
Electronics rental platform Grover raised $1 billion in a mix of equity and asset-based financing.
The Berlin-based circular economy startup says this will allow it to increase circulations from 475,000 to date to five million by 2024.
Global contactless card transaction values will reach $2.5 trillion in 2021, from $1.7 trillion in 2020, with cards retaining the majority share of overall transaction values at 79% in 2021.
That’s according to a new report from Juniper Research, which finds that the coronavirus pandemic has significantly accelerated an existing contactless card usage trend, and these value increases will be sustained beyond 2021.
Rapid grocery delivery startup, Gopuff, raised $1 billion, valuing it at $15 billion.
Yoobic closed a $50 million Series C funding round led by Highland Europe.
The company provides an app for frontline and service workers to manage tasks, communicate with eachother and management, and also go through training, development and and other e-learning tasks.
It has raised $80 million in total since inception and works with more than 300 brands across 80 countries, including Boots, Carrefour, Lancôme, Lacoste, and Puma.
The UK ranks third in the world, behind the US and China, for its number of tech businesses valued above $10 billion, according to research from Tech Nation.
The former has doubled its number of companies (aka decacorns) at this stage in six months alone, with seven companies reaching $10 billion valuations in 2021: Revolut, Wise, Arrival, eToro, Checkout.com, Farfetch, and Ocado.
This Article firstly Publish on retailtechinnovationhub.com