News
Last year in 2017, Amazon grocery sales grabbed a market share of 18% of online grocery sales in the US, double the share held by their closest competitor Walmart according to a report by One Click Retail.
The report points out that grocery sales are still largely offline but that Amazon Fresh with their same day delivery is a way that the company is building confidence with consumers. Regardless of consumer’s slowness to move online, Amazon saw 50%+ growth in the US, UK and Germany and One Click Retail suggest this growth trajectory will continue in 2018.
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More Affluent Consumers have purchased something on their mobiles (59%) than their computer (56%) in the last month. There are regional differences though: m-commerce has made the most headway in APAC, whereas those in Europe remain wedded to their computers. That said, no device is used in insolation in any region, highlighting the importance of a multi-device marketing strategy.
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Entrepreneurship runs through Saul Klein’s DNA. The English literature graduate may not have known it when he first entered the world of employment, but he would go on to build a successful career in business and venture capital investment.
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Zalando expects to deliver a rise in sales of between 21% and 23% for its fourth quarter, despite a “challenging” October.
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Digital identity platform Yoti has raised £8m in an equity funding round, which has seen the startup’s valuation rise to £65m.
The startup drew support from existing angel investors and two of its three founders, Robin Tombs and Noel Hayden.
Yoti, based in London, will use the cash injection to grow its consumer network, aiming to reach 2 million users throughout this year.
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Tech, media and telecoms (TMT) remain as fascinating as ever in 2018. Many milestones will be reached this year. Progress will be exponential in some fields. But in other areas the way in which we live and work may shift imperceptibly. Discover what TMT trends we predict will have the biggest impact in 2018 and beyond.
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HubBox, a retail tech startup, has raised $1.6m in pre-Series A funding.
Venture capital fund KM Capital (KMC), Angel Tech Investors (ATI), Nexus Investment Ventures (NIVL) and Alan Halsall, the ex CEO of Silver Cross Prams, are among the startup’s backers.
Founded in 2015, HubBox has created proprietary technology to enable retailers to implement a local Click and Collect option through a network of 3,500 collection points.
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Redwood Technologies Group has received a £25m funding boost from Scottish Equity Partners (SEP) in exchange for a minority stake in the business.
Redwood, a provider of communications technology and cloud contact centre solutions, was founded in Berkshire in 1993 by siblings Sean and Martin Taylor.
This marks the first time Redwood has raised externally and the money will be used to expand across Asia Pacific. The firm is set to open a regional office in Tokyo in Q1.
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Sequoia Capital, the top-tier venture firm, has just closed on a $180 million new fund called Sequoia Scout III that’s focused exclusively on seed-stage opportunities.
It’s a development startup founders will be watching closely, no doubt, so we caught up yesterday with Bryan Schreier, a Sequoia partner who sits on the boards of Dropbox, Thumbtack and Qualtrics, among others, to ask how the vehicle works.
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Microsoft researchers have created technology that uses artificial intelligence to read a document and answer questions about it about as well as a human.
It’s a major milestone in the push to have search engines such as Bing and intelligent assistants such as Cortana interact with people and provide information in more natural ways, much like people communicate with each other.
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