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TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business.

Retail 253
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Stop guessing your KPIs; Varos shows e-commerce, SaaS companies how you compare to peers

TechCrunch

If your customer acquisition cost spikes, it could be a market trend. Users get a dashboard where they can compare to, for example, an apparel company spending $100,000 a month on digital marketing with average order values of a certain amount and get a graph of how that has moved over time. On the other side are the trends.

Company 285
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Twinco Capital scores €3M for its supply chain finance solution

TechCrunch

The entire process is digital, promising a quick decision and fast deployment of funds, and is powered by Twinco’s supply chain analytics and the data it is able to access by partnering with both sides of the supply chain. Take any global supply chain, such as apparel, automotive, electronics etc.

Apparel 255
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Snap quietly acquired 3D-scanning startup Th3rd last year

TechCrunch

In March 2021, Snap acquired Fit Analytics to further its AR-fueled move into e-commerce. A combined study from Publicis media and Snap suggests that the AR Retail market will have a project value of $1.2 At the same time, Snap had updated its Lens Web Builder that allowed brands to create shopping Lenses in a matter of minutes.

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The fast track to intelligent retail modernization with TCS and Microsoft Cloud

CIO

IT leaders are prioritizing models that are more agile, efficient, and intelligent, allowing them to respond to market changes quickly. An AI-enabled, resilient and digital supply chain is one of the key focus areas for TCS to take to the market,” Nilendu says. Small changes can have a big impact on performance.

Retail 245
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Observability startup Better Stack lands $18.6M in new cash

TechCrunch

The observability market has matured in recent years with the growth of vendors like Datadog , New Relic , PagerDuty and the aforementioned Splunk. Masar, who has several startups under his belt, previously was the VP of engineering at Represent.com, an apparel e-commerce merchant. But there’s room for improvement.

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The biggest moonshots from 500 Global’s latest Demo Day

TechCrunch

For example, there’s Taiwan-based Rosetta.ai , an ecommerce startup tapping AI to let customers search for products — particularly apparel and cosmetic — through specific attributes. The moonshots. Rosetta’s AI algorithm “sees” which attributes (e.g., Image Credits: BetaStore. One year after the rebrand.

Retail 221