RTIH examines the retail technology space in August – Retail Technology Innovation Hub

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InPost, an out-of-home delivery and return e-commerce firm, has announced the implementation of its 2,000th automated parcel machine – or locker unit – in the UK.

Retail marketing tech firm Bluecore has closed a $ 125 million Series E funding round led by existing investor Georgian.

Digital experience intelligence specialist, FullStory, has secured $ 103 million in funding, valuing it at $ 1.8 billion.

Suma Brands, which acquires brands that sell and fulfill their orders through Amazon, has raised $ 150 million in funding in a Series A round led by Pace Capital and Material along with a credit line led by i80 Group.

Bad month for

#SilentSainsburys was a trend on Twitter this month as the grocery giant came under increasing pressure to stop advertising during Nigel Farages’ new show on GB News.

Klarnas’s losses increased significantly in the second quarter.

Swedish firm buys now, pays later, recently valued at $ 46 billion in an investment round led by Japan’s SoftBank, increased the volume of purchases processed on behalf of retailers by two-thirds in the second quarter to $ 20 billion. .

But its operating losses went from SKr 89 million ($ 10 million) a year earlier to SKr 965 million ($ 111 million) as credit losses more than doubled in the second quarter.

Albinder Dhindsa, the founder of the Indian startup Grofers, has responded to the hatred of his company.

Grofers has faced a backlash on social media, with people claiming that its fast delivery partners are being taken advantage of.

Also this month

Berlin-based on-demand grocery delivery startup Flink said it now has over 100 fulfillment centers in Germany, the Netherlands and France.

The company, which was only officially launched earlier this year, delivers articles from this network in less than 10 minutes.

It recently raised $ 240 million to expand its business to more cities and towns.

Following the introduction of Simbe Robotics’ autonomous Tally robot in select stores, Schnuck Markets has announced a multi-year full-scale launch at 111 locations across the United States.

He said this made him the first grocer in the world to use AI-based inventory management technology on a large scale.

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