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How online retailers can harness live shopping on social media with modern commerce — and boost massive growth

CIO

Live shopping is one of the most exciting retail experiences in a long time. As shoppers become increasingly eager to buy via live shopping on social platforms such as Instagram and TikTok, retailers face new challenges: How to capture the shoppers’ attention on social media when the urge to buy hits?

Retail 230
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Software vendors offer AI sales boost for retail at NRF show

CIO

As they take stock after the year-end frenzy of shopping the holiday season always brings, retail CIOs attending the National Retail Federation’s annual show, NRF 2024, may be wondering how they can improve their IT systems’ performance over the next 12 months. year on year in the first 11 months of 2023, AI or no AI.

Retail 241
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Lily AI lands new capital to help retailers match customers with products

TechCrunch

During the pandemic, retailers were forced to embrace e-commerce. That’s why Purva Gupta launched Lily AI , an AI-powered platform that connects a retailer’s or brand’s shoppers with products they might be looking to buy. ” Prior to co-launching Lily, Gupta served in various roles at Eko India and UNICEF. .

Retail 226
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Payment orchestration platform Gr4vy pulls in another $15M in a Series A extension

TechCrunch

Retailers often build their own “orchestration” platforms for payment processing and routing, but these can be complex to maintain. Unusually for orchestration platforms, Gr4vy’s cloud-native payment orchestration platform (POP) also offers Instances, which provides merchants infrastructure in the cloud. It raised an $11.1

Retail 244
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Marketing automation startup Retail Rocket nabs $24M for expansion

TechCrunch

Retail Rocket , a retention management platform for brands, today announced that it raised $24 million in a Series A round led by Cyprus-based private equity fund Flintera. ” According to Khlebinsky, Retail Rocket uses a mathematical model to segment first-time buyers of a company’s product. .

Retail 246
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Consumers Want More Payment Flexibility in Their Shopping Experience

CIO

Cybersource helps businesses enhance their customer experiences with a feature-rich platform. The platform also ensures the security of sensitive payment data for improved compliance and data security. The 2022 Global Digital Shopping Index from Cybersource, a Visa solution, clearly showcases U.S.

eCommerce 245
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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

Bearing the brunt of the impact is the fashion industry, which employs millions of workers at retail stores, suppliers, and manufacturing factories around the world. Fashinza , a Dehli, India-based supply chain “marketplace” for fashion brands and retailers, was co-founded months before the disruptions. billion in 2022.

Fashion 192