Out of 176, the Global Startup Heat Map highlights 5 Top Retail Sales & Marketing Tech Startups
Startups such as the examples highlighted in this report focus on data management, virtual stores, smart signage, dynamic pricing as well as artificial intelligence (AI), and immersive technologies. While all of these technologies play a significant role in advancing retail, they only represent the tip of the iceberg. This time, you get to discover five hand-picked retail sales & marketing tech startups.
The Global Startup Heat Map below reveals the geographical distribution of 176 exemplary startups & scaleups we analyzed for this research. Further, it highlights five retail startups that we hand-picked based on scouting criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 171 retail sales & marketing tech solutions, get in touch with us.
Click to download
Shopl simplifies Retail Data Management
Founding Year: 2016
Location: Seoul, South Korea
Funding: USD 60 000
Partner with Shopl for Store Sales Data Assessment
Shopl is a South Korean startup that develops a retail data management platform to collect point of sales data. It performs store data collection and sales target management. The platform also tracks sales volume and inventory status in real time. Further, Shopl allows store managers to break down store sales data into smaller segments such as period of sales and product groups to offer insights to better understand sales figures. This way, Shopl enables retailers to reduce operating costs by optimizing stock management and it improves the overall store performance.
Pricetap provides Collaborative Product Pricing
Founding Year: 2018
Location: Helsinki, Finland
Innovate with Pricetap for Community-driven Discounting
Finnish startup Pricetap builds a digital platform that enables collaborative product pricing. It allows customers to engage with products online and in-store by scanning them and adding them to a wishlist. When a product is added by a customer, its price is automatically reduced by 1% every day until they or someone else buys the product. This incentivizes customers to buy items in their carts at lower rates before someone else buys them. Once the product is sold, the auction price resets to the original and the cycle continues. Retailers also set minimum approved prices of products so they don’t incur losses. This, in turn, reduces excess stock and drives up sales.
Wizart offers Immersive Online Stores
Founding Year: 2018
Location: Wilmington, USA
Funding: USD 1,2 M
Work with Wizart for Augmented Reality (AR)-led Furniture Sales
US-based startup Wizart utilizes computer vision to improve retail sales and customer experience. It offers a range of AR-powered visualization tools including Wall Visualizer, Flooring Visualizer, Ceiling Visualizer, Tile Visualizer, Paint Visualizer, and Rug Visualizer. These tools allow users to visualize furnishings and interior design changes using smart devices. This enables customers to view multiple options of furnishing instantaneously. By creating an interactive experience for online customers, Wizart enables online furniture retailers to improve customer satisfaction and sales performance.
Intelisa makes AI-based Smart Digital Signages
Founding Year: 2019
Location: Mumbai, India
Funding: USD 41 500
Use Intelisa’s Solution for Interactive In-store Experiences
Intelisa is an Indian startup that offers AI-based smart digital signages for in-store product sales. The startup’s solution integrates with existing store screens and provides multi-media marketing campaigns in real-time to improve customer engagement. The AI integration further enables personalized product recommendations. Intelisa ‘s solution also features motion responsiveness for customers to interact with the screens and check out offers and discounts. Thus, it allows retailers to amplify their sales and improve customer experience.
Digety facilitates Dynamic In-store Pricing
Founding Year: 2016
Location: Albstadt, Germany
Reach out to Digety for Consumer Choice Analytics
Digety is a German startup that develops digital labels for dynamic in-store pricing. The startup’s centralized infrastructure updates the prices of multiple products in real-time, improving pricing compared to the competition. Additionally, the digital labels enable in-store customers to collect information on how they interact with products. This data allows retail store managers to better understand consumer behavior and improve their stock-keeping units (SKUs) to further drive up sales.
Where is this Data from & how to Discover More Retail Startups?
Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the retail industry. The insights of this data-driven analysis are derived from our Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & lets you scout relevant startups within a specific field in just a few clicks. To explore retail technologies in more detail, let us look into your areas of interest. For a more general overview, download our free Retail Innovation Report to save your time and improve strategic decision-making.
