Traxlo

And the winner of the Startup World Cup Prague Regional Finale is... Traxlo! 🥳 The team will now head to the Grand Finale in Silicon Valley where they will compete for a $1M prize! 💸 The second-place winner, Webout, has secured €100,000 in funding from DEPO Ventures, giving their innovative vision a big boost as they continue their journey to success. Congratulations to the winners and thank you to all the participating teams for presenting your ideas!

Always happy to remember Traxlo's (@Antler) #Swedish roots. I sometimes forget how close in proximity the startup ecosystems of Stockholm and Vilnius truly are. In just one flight and a quick #ArlandaExpress ride, I can easily reach the heart of the Scandinavian venture capital scene in 2 hours. The best part? Most of the major funds in Stockholm are just a short walk from Central Station, making networking and meetings incredibly convenient. It’s a reminder for both sides, that opportunity is never far away, especially when both ecosystems are interconnected and so accessible #newNordics #ArlandaExpress #Startups #VentureCapital #Traxlo

Kick-Off Event of Startup Lithuania Accelerator powered by Plug and Play – Batch 2! What a great day! We’re officially launching Batch 2 of the Acceleration Program and finally welcoming the incredible startups joining us this round. 🚀 A huge shout-out to our Batch 1 alumni – the real influencers AQ22 and Biohifas! Your shared experiences and behind-the-scenes insights from the first round were invaluable. You’ve set a high standard, and we’re grateful for the support you’ve given to the next wave of startups. 🙌 Let’s welcome our new Batch 2 startups: ✨Amia ✨Askflow AI ✨DiaWiser ✨Greet ✨Hoperfy ✨Markster ✨Miniatùra  ✨peoplerank ✨Playground 🛝 ✨Pointai ✨#Scalier ✨Traxlo ✨Vespia This group is full of energy, hustle, and fresh ideas. We can’t wait to see what you'll build. Let’s push boundaries and make this batch a success! 💥 A big thank you to Plug and Play Tech Center, Ekonomikos ir inovacijų ministerija and Inovacijų agentūra for bringing us all together and making this program possible. Let’s keep the momentum going!

Who would have thought that minor errors in inventory records could cost millions? A 3-year study involving seven of Europe's largest retailers uncovered a significant issue with inventory record inaccuracies (IRI). The study found that around 60% of the SKUs analyzed had positive and negative discrepancies, adversely affecting sales. Correcting these inaccuracies led to a 4-8% sales increase. It also revealed that negative discrepancies—more common in the grocery and general merchandise sectors—were often due to spoilage, theft, or damage. Over time, inventory accuracy deteriorated sectors' stock counts. After correcting inaccuracies, high discrepancy SKUs saw a sales lift of over 14%, medium discrepancies improved by 7%, and low discrepancies increased by 2.11%. To address these issues, negative discrepancies efforts should focus on reducing shrinkage through better security and tracking. Streamlining backroom operations and improving the accuracy of return recordings are essential for positive discrepancies. Moreover, stocktakes should be considered necessary for compliance and strategic opportunities for sales growth. Timing them before high sales seasons and balancing their costs with potential sales increases can make a substantial difference. Full study: https://lnkd.in/d7grzEZV #InventoryAccuracy #InventoryManagement #SupplyChain #SKUOptimization #Retail #RetailChallenges

E29: Is Gig Work the Future? Paul V. Weighs In on the Next Workforce Revolution Discover how gig work is reshaping our economy and society with Paul V., co-founder of Traxlo From his journey as a young entrepreneur to building a successful startup, Vezelis shares invaluable insights into the world of work and his entrepreneurial journey. He also recounts his extraordinary childhood, where he launched a business while still in high school, before taking a gap year at the age of 18 to explore more interesting things. 😁 Links in the comments. #podcast #media #startupecosystem #entrepreneurship #founderstory #gigeconomy

Every milestone and challenge leads to something huge 💙 ... And we have proof! 😎 Meet Paul V., the co-founder of Traxlo, and find out how they navigated their startup journey, faced obstacles, and scaled across borders 🛤 Check out our latest #MeetOurAlumni interview and get inspired 👉 https://bit.ly/3Yil3CS And who knows their story might just be the spark you need to make your step forward 💫 Don’t let your chance slip by and apply to the Startup Booster! Don't wait, applications are open only by July 28th 📅 https://lnkd.in/guV7wnka Your story starts here 💪✨