Jobtech Alliance’s Post

Last week, Sifted released their yearly Retail & e-commerce briefing for 2024 and yayloh made it to the list of 20 Europe’s most promising early-stage Retail to watch.🚀 📈 In 2023, e-commerce sales in Europe reached $581 billion, which is only a slight decrease compared to 2021. This is notable, as 2021 e-commerce sales peaked with Covid forcing down physical retail to close down. Despite a challenging macro-economic environment in 2023 our industry shows strong resilience. The reports starts by underscoring trends to watch out for in 2024 such as : 🌱 Sustainability : Consumers are increasingly mindful of sustainability and eco-friendly practices. 👀 Data quality : Consumers insist that they need accurate information to make informed purchasing decisions. 🛍️ B2B e-commerce : with 80% of all B2B sales expected to occur online by 2025 companies are integrating digital transformation in their B2B line. 🪢 Virtual reality : Over half of items bought online are returned because they are the wrong size. Helping shopper to virtually try on clothes is on the rise. Being listed as a start-up to watch in this list demonstrates that yayloh is a pioneer in our industry to help brands tackle one of their most important challenges in 2024: online returns. Our mission at yayloh? Making returns & exchanges handling easier to drive customer retention and providing our merchants with in-depth return data to reduce their return rate. 🔍 Read the full article to discover why Yayloh is on the experts' radar! Click here ➡️ https://lnkd.in/d5-e-2Tq

OmniRetail: A Shining Example of B2B E-commerce Success in Africa 🇳🇬 The B2B e-commerce space in Africa is thriving, and the Nigerian platform OmniRetail stands out as a remarkable success story. This innovative company has achieved profitability in a competitive market, and its journey is fascinating. Key takeaways from OmniRetail's profitability strategy: - Strategic Alliances: Strong partnerships with distributors and manufacturers unlock access to better margins and rebates. - Hyperlocal Approach: Decentralized warehousing and logistics networks ensure faster deliveries and lower costs for retailers. - Value Beyond Products: Services like embedded finance (think OmniPay) make customers' experiences more attractive and convenient. OmniRetail's story inspires B2B e-commerce ventures across Africa. It showcases the power of collaboration, focusing on efficiency, and going the extra mile to serve customers. Well done to Endeavor Entrepreneur Deepankar Rustagi and everyone at OmniRetail. Read more about OmniRetail's fascinating journey here: tcrn.ch/4alsP1r . . . #OmniRetail #OmniPay #DeepankarRustagi OmniRetail Technology Limited

#Topics Dawn Capital Leads $86 Million Series B in Qogita to Revolutionize Wholesale E-Commerce [ad_1] UK-based wholesale E-commerce marketplace startup, Qogita, raised $86 million in a Series B funding round, led by Dawn Capital with participation from Accel Partners, Bessemer Venture Partners and LocalGlobe.Co-founded by Israeli father and son, Yaniv Toledano and Danny Toledano, Qogita was conceived to simplify and streamline the wholesale procurement process for small and medium-sized e-commerce retailers. The platform, akin to consumer giants like Amazon, offers an all-in-one solution for product procurement, eliminating the need for cumbersome negotiations and complex supply chain management.Their platform addresses the complexities of the e-commerce market, valued at $6 trillion, characterized by fragmentation and lacking digitization in Europe. Qogita’s algorithm-based system matches buyer carts to the optimal mix of sellers, ensuring cost-effective and efficient transactions. It addresses the dynamic nature of the wholesale market, where prices, quantities, and other parameters are in constant flux. The platform connects over 10,000 buyers and 300 sellers across Europe, the UK, and the US.For sellers, and unlike other platforms that charge significant listing rat...

#Topics Dawn Capital Leads $86 Million Series B in Qogita to Revolutionize Wholesale E-Commerce [ad_1] UK-based wholesale E-commerce marketplace startup, Qogita, raised $86 million in a Series B funding round, led by Dawn Capital with participation from Accel Partners, Bessemer Venture Partners and LocalGlobe.Co-founded by Israeli father and son, Yaniv Toledano and Danny Toledano, Qogita was conceived to simplify and streamline the wholesale procurement process for small and medium-sized e-commerce retailers. The platform, akin to consumer giants like Amazon, offers an all-in-one solution for product procurement, eliminating the need for cumbersome negotiations and complex supply chain management.Their platform addresses the complexities of the e-commerce market, valued at $6 trillion, characterized by fragmentation and lacking digitization in Europe. Qogita’s algorithm-based system matches buyer carts to the optimal mix of sellers, ensuring cost-effective and efficient transactions. It addresses the dynamic nature of the wholesale market, where prices, quantities, and other parameters are in constant flux. The platform connects over 10,000 buyers and 300 sellers across Europe, the UK, and the US.For sellers, and unlike other platforms that charge significant listing rat...

In the fast-paced world of e-commerce, Dropshipping emerges as a key player, revolutionizing retail. ByteSphere takes the lead by launching an online platform, democratizing the knowledge of Dropshipping. This approach empowers entrepreneurs to start their businesses with minimal upfront investment, reduced inventory risk, and global market reach. ByteSphere's initiative is set to transform the landscape, making the art of Dropshipping accessible to everyone, unlocking unprecedented opportunities in the digital marketplace.

Could Italy be the new driving force revolutionizing global wholesale e-commerce? One team is on a mission to make that a reality! Introducing Viamadeinitaly, a trailblazing B2B marketplace striving to simplify Italian wholesale and bring the excellence of Made in Italy to a global platform. Founded by Marco Mutto, Marco Reiter, and Tommaso Zanin, Viamadeinitaly is helping numerous Italian companies find international buyers, boosting exports and digitizing centuries of Italian craftsmanship. From fashion and design to furniture and more, they are transforming how the world shops Italian products! Discover how this startup is stirring waves in the e-commerce landscape and shaping the future of global wholesale by reading our latest article. https://lnkd.in/eXvY3eG7 Join their journey in disrupting traditional marketplace models and promoting the sublime quality of 'Made in Italy'! Let's champion the startups reshaping the world! #EUStartups #Startups #Ecommerce #Wholesale #MadeInItaly #DigitalTransformation #MarketplaceInnovation #Viamadeinitaly

When e-commerce emerged in Pakistan, both dropshipping and wholesaling were thriving. Even those without proper knowledge were engaging in these models and making profits. However, when losses occurred in these two models, people abandoned them, causing a setback to business activities. But nowadays, those who are engaging in private labeling and white labeling are gradually expanding their businesses. This illustrates a positive aspect of e-commerce in Pakistan. Now, I am presenting four models of e-commerce along with their definitions. I will share the pros and cons of these four models in upcoming posts.

💥 Huge news for the African B2B E-commerce marketplace 🌍 African B2B e-commerce leaders Wasoko, MaxAB announce merger Two of Africa’s most prominent B2B e-commerce companies, Kenya’s Wasoko and Egypt’s MaxAB, have announced they have signed preliminary merger terms to join together as a combined entity to drive the transformation of Africa’s informal retail sector. 💼 Previously known as Sokowatch, Wasoko closed a US$125 million Series B equity round in March 2022. It enables retailers to restock products for their businesses at any time via mobile app with free same-day delivery, and has access across Kenya, Tanzania, Rwanda, Uganda, Zambia and the Democratic Republic of Congo (DRC). 💼 MaxAB, meanwhile, was founded in 2018, and allows local underserved merchants and mom-and-pop shops in Egypt and Morocco to grow, increase their revenues, and enhance their own quality of life. The company closed its own US$40 million pre-Series B equity round in October 2022. 🔊 “This merger is the culmination of developing excellent teams, a lot of hard work over the years and a commitment to innovative solutions adding up to our unique offering to retailers. I am proud of what we have achieved as MaxAB, and even more excited for our future together with Wasoko. As a combined company, we can truly unlock the potential of Africa’s informal retail sector across a variety of technology-enabled services in e-commerce, fintech and logistics. As we embark on this new chapter, I am confident that the natural synergies between us will empower our customers and partners across the continent,” said MaxAB CEO Belal EL-Megharbel. 🔊 “When I launched Wasoko in Kenya in 2016, it was with the promise of becoming a truly pan-African company, and this merger is the boldest step we’ve taken towards realising that goal while reflecting my personal history developing the initial concept behind Wasoko during my time spent in Egypt over a decade ago. As we embark on our next stage of expansion, our merger with MaxAB underscores our commitment to empowering businesses and connecting consumers across all parts of the African continent with an affordable and diverse range of essential products. We are excited to go further together on our shared vision, bolstered by complementary strengths while building the foundation for a remarkable partnership,” said Wasoko CEO Daniel Yu. Read more: https://lnkd.in/dWp4y23y #ecommerce #wasoko #maxab #merger

Shipbubble a Nigerian startup founded in 2022, is swiftly transforming the e-commerce landscape by connecting businesses with a vast network of delivery partners. The platform is designed to empower e-commerce ventures of varying scales, streamlining their delivery processes and driving significant growth in a short span. The startup’s platform automates the entire delivery chain, from order tracking to the final mile, ensuring that goods are delivered accurately and punctually. This automation enables e-commerce businesses to optimize their shipping operations, cut costs, and elevate customer satisfaction. Co-founder and CEO Jordan Ajibola, in an interview, explained Shipbubble’s mission: We are crafting a robust, customized network of delivery providers to cater to the distinct demands of African retailers. Our aim is to standardize and simplify the logistics process, allowing businesses to deliver smooth and dependable services while preserving outstanding value across various product categories. Click the link to read more: https://lnkd.in/dYZzrp8H #innovationvillage #shipbubble #ecommerce #delivery #logistics #businesses #nigeriabusiness #nigeriaeconomy #businessnews #technews #techtrends #africabusiness

Today, I had a brainstorming session on how LESS PAY solution for non-premium merchants can be an effective proposition for many small sellers on Open Network For Digital Commerce (ONDC) LESS PAY and Open Network For Digital Commerce (ONDC) can synergize together to achieve effective outcomes for many small sellers. The powerful marketing engine for non-premium merchants and an efficient, affordable POS system can bring new life to merchants across the country. Sahgal Yadav and team perseverance is truly a delight. Our country's future is bright, and in the last 6 months, his ability to think new, virality & scale in product cannot be ignored. Delighted to learn from and support entrepreneurs like Sahgal Yadav Asit Oberoi Sumit Gupta Ashish Kashyap Arjun Vaidya Ansh Vashistha Amit Goel Rahul Mathur Shailaz Nag Ankur Mittal Rikin Kunal Bahl Kunal Bahl Dr. Mohammad Mustafa Jitendra Gupta Gaurav Agarwal Nitin Jain Nitin Puri Anup Jain Anuj Rathi Suhail Sameer Better Capital Prathmesh Gaikwad Sandeep Jethwani Sandeep Thakur Mohit Gulati Tanmay Bhat #smallmerchants #POS #marketingSaaS #scalability #product #scale #ONDC #DigitalCommerce #SmallBusinesses #Innovation #Marketing #Entrepreneurship