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Highlights from Berkeley SkyDeck’s virtual demo day

TechCrunch

In 2020, SkyDeck — along with much of the rest of the world — went virtual. We are also hearing chatter that Demo Day will be larger than ever before because virtual events are much more scalable.”. Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. The Hurd Co. Image Credits: The Hurd Co.

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The power players of retail transformation: IoT, 5G, and AI/ML on Microsoft Cloud

CIO

Landmark Group, one of the largest retail and hospitality organizations in the Middle East, wanted to reduce energy consumption and carbon footprint, improve operational excellence, and make progress toward its sustainability goals. With 5G-enabled smart mirrors, a person can virtually try on apparel.

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The Fashion Kingdom, an Egyptian fashion e-commerce startup, raises $2.6M in seed funding

TechCrunch

This opportunity made the chief executive tap into the knowledge he acquired as a kid born into a family with a long history in the apparel business to launch TFK. “We TFK provides a virtual fitting room that helps brands get accustomed to their customers’ sizes and recommend outfits to customers for different occasions.

Fashion 246
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Extra Crunch roundup: China’s new data privacy law, fractional farming, debt vs. equity

TechCrunch

Meet retail’s new sustainability strategy: Personalization. Due to buyer’s remorse, it’s not uncommon for apparel or beauty products to languish in the back of a drawer or end up as gifts, but there are also serious consequences. Advanced virtual fitting rooms with VR/AR for fashion.

Data 242
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Arive raises $20M for an instant delivery service beyond groceries and essentials

TechCrunch

What it could do, however, is provide its technology to fashion brands and retailers that have, who are considering ways of getting apparel faster to would-be online buyers. Finally, high basket sizes and no wastage means the company has a much stronger path to a sustainable business model over the long run.

Retail 212
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Extra Crunch roundup: Unpacking BuzzFeed’s SPAC, curb your meeting enthusiasm, more

TechCrunch

In the last year, online apparel shopping app Shein grew active daily users by 130%, reports Apptopia. Each day, thousands of new products arrive on the app’s virtual shelves. Veo CEO Candice Xie has a plan for building a sustainable scooter company, and it’s working. Reform your startup’s meeting culture.

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Is retail ready for a restart in the post-pandemic world?

Capgemini

I have been engaged in the retail industry for 16 years, and I think it has been hit the hardest: millions of jobs lost, an estimated $430 billion downturn in retail revenue according to NRF estimates , 58% reduction in foot traffic across retail industries, and a more than 37% drop in online sales for apparel and footwear.

Retail 52