Thousands of new startups are founded every year – emerging companies with the potential to disrupt the retail industry. To give you a head-start on emerging technologies and startups that will impact the retail sector in 2022, we analyzed a total of 2 047 global retail startups & scaleups. Meet 5 of the most promising startups to watch!
Global Startup Heat Map highlights 5 Retail Startups to Watch in 2022
Out of 2 047, the 5 retail startups to watch are chosen through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering over 2 093 000+ startups & scaleups globally. As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant startups, emerging technologies & future industry trends quickly & exhaustively.
The Global Startup Heat Map below highlights the 5 retail startups you should watch in 2022 as well as the geo-distribution of the other 2 042 startups & scaleups we analyzed for this research. We hand-picked the 5 highlighted retail startups based on our data-driven startup scouting approach, taking into account factors such as location, founding year, the relevance of technology, and funding, among others.
Akuret offers an In-store Execution Assistant
Founding Year: 2019
Location: Stockholm, Sweden
Innovate with Akuret for Inventory Checks
Swedish startup Akuret develops Akuret Alerts, an in-store execution assistant. It features an AI engine that identifies and fixes inventory inaccuracies and on-shelf-availability issues. Akuret Alerts processes master and daily transaction data and sends email notifications with suggested actions such as restocking. On a weekly basis, retail managers receive a report that summarizes that week’s KPIs as well as the compliance of stores in following the suggested actions. This enables retailers to decrease lost sales, increase online order fill rates, improve customer satisfaction, and save staff time.
iRetailCheck reduces Retail Shrinkage
Founding Year: 2019
Location: Wijnegem, Belgium
Funding: USD 800 000
Use this solution for Theft Prevention
iRetailCheck is a Belgian startup that uses AI video analytics to monitor staffed- and self-checkouts, store exits, and queues in retail stores. Its staffed checkout solution, CaddyCheck, automatically monitors shopping carts passing through the checkout for items left in or under the cart. On detection, an alarm and a pop-up image on the screen prompt the cashier to check the cart contents before payment, avoiding any potential conflict. The startup also offers products that analyze live video of every transaction in real-time to detect suspicious visitor movements. The startup’s products thus enable retailers to significantly lower retail shrinkage.
Husense provides Retail Data Analytics
Founding Year: 2020
Location: The Hague, Netherlands
Funding: USD 98 000
Collaborate for Staff Scheduling, Cash Register Management
Dutch startup Husense offers real-time retail data analytics. Its Smart Retail platform uses sensors placed at every entrance and exit to count people in real-time. Combining this data with other data sources such as weather, revenue, and staffing, Smart Retail delivers insights about store performance and conversion rate. Moreover, the startup offers a retail app that lets store managers make operational decisions based on real-time footfall data. The app also provides in-store analytics and customer density trends.
ReadySet develops a 3D Virtual Reality (VR) Software
Founding Year: 2020
Location: De Pere, USA
Funding: USD 1,5 M
Partner with ReadySet for VR Prototyping
US-based startup ReadySet provides a 3D VR solution for retail store owners to build and test new in-store ideas cost-effectively. The users execute retail shopper case studies in an adjustable virtual retail lab that automatically logs shopper behaviors. Respondents walk through the store and get the same experiences as they would in real life. As they look around the store, the VR eye-tracking collects shopper intelligence data, providing retailers insights on which shelves and products get noticed. This data is ideal for testing package design, product placement, and competitor comparisons.
7Learnings enables Dynamic Pricing
Founding Year: 2019
Location: Berlin, Germany
Reach out to 7Learnings for Price Optimization, Revenue Forecasting
7Learnings is a German startup that advances dynamic pricing for retailers. Its software gathers relevant data to build predictive pricing models. This includes internal factors such as historical transactions and product attributes mixed with external points like weather, seasonal factors, and competitor prices. Following that, the software’s machine learning models identify demand drivers and price elasticity, enabling profit and revenue forecasting. Additionally, the solution allows the retailers to determine what strategies, such as discounts or coupons, promise the most growth and profitability.
Discover All Emerging Retail Startups
The retail startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free Retail Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies and emerging solutions that will impact your company in 2022!
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