Monday, May 23, 2022

Australian used car platform Carma secures A$75m Series A funding

Australian online used car platform, Carma, announced it had completed a US$52m (A$75m) Series A funding round, led by General Catalyst Partners and Tiger Global. Carma previously secured the largest seed round in Australian history, with US$20m (approx. A$28m) from Tiger Global in March 2021. The company has now raised over A$100m in funding. Carma’s used car sales have been growing quickly since providing early access to Sydney clients in late 2021. The capital raise will accelerate its growth, and building the team, growing used car inventory and establishing reconditioning operations in Melbourne and Brisbane.

OPEX® Corp debuts its Sure Sort® robotic sorting system in Europe

OPEX® Corporation, a player in Next Generation Automation providing innovative solutions for warehouse, document, and mail automation, will exhibit for the first time at LogiMAT, Europe’s largest global trade show for intralogistics solutions and process management. LogiMAT will be held from 31 May to 2 June in Stuttgart, Germany. OPEX’s automation experts will conduct live demonstrations of the company’s Sure Sort® sorting system and showcase all of OPEX’s warehouse automation solutions designed to help businesses thrive.

Faire launches in Australia to aid retailers access the global market

Faire, the online wholesale marketplace valued at $12.4 billion USD ($16.7 billion AUD), is now available to independent brands and retailers in Australia. This marks Faire’s first market launch outside of North America and Europe, and follows the platform’s expansion into Canada and 16 of the largest markets across the United Kingdom and Europe. With a growing network of over half a million customers around the world, independent retailers are joining Faire to discover unique products, while emerging and established brands are leveraging Faire for the opportunity to grow their business on a global scale.

CellPoint Digital and MTC Game plot more payment options for gamers

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CellPoint Digital, a global provider of digital commerce and payment solutions, announced a partnership with global eCommerce platform for video gamers, MTC Game. A global retailer, MTC Game provides an online platform for digital codes and services to gamers. The firm will take advantage of CellPoint Digital’s payment platform. This will enable video gamers to experience a frictionless checkout, allowing customers to pay via the popular payment methods on the continent including Bank Transfer and Mobile Money options.

Experian study predicts mobile wallets to rival traditional payment methods

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The new Experian Global Insights Report concludes that online spending will continue to gain strength even as consumers emerge from lockdown and return to in-person transactions. Consumers are also engaging with digital payments as much as they engage with email. The growth curve of online spending has increased the use of mobile wallets that now rival traditional payment methods. The latest report shows that 62 percent of respondents say they are currently using mobile wallets, while 63 percent use traditional forms of payment.

Catch.com.au opens new Sydney fulfilment centre to expand footprint

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Aussie owned Catch.com.au opens the doors to its 36,000 square metre fulfilment centre in Sydney’s Moorebank. The new fulfilment centre is the retailer’s next step in realising its long term goal to give Australians the most convenient and plentiful online shopping experience. 

Conversational engagement AI provider AskSid acquired by Gupshup

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Gupshup, a company in conversational engagement, announced the acquisition of AskSid, a Conversational AI provider to top ecommerce and retail companies around the world. AskSid’s full-stack AI solution including the Retail AI brain, strengthens Gupshup’s customer experience (CX) offerings and will help make the entire shopping journey - across pre-purchase, purchase and post-purchase phases - fully conversational.

HypeAuditor teams up with Shopify to automate influencer campaigns

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HypeAuditor, the AI analytics platform for brands who want fair, transparent and effective influencer marketing, has announced the integration of its platform with Shopify to provide an all-in-one analysis of sales-focused influencer marketing campaigns for online retailers. HypeAuditor’s holistic solution enables e-commerce brands and agencies to streamline the entire influencer marketing workflow, from discovering and contacting relevant creators, to effectively managing the campaigns, and then creating analytical results reports. 

Winning Group’s e-retailer Andoo to transform online shopping

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Australian retailer, Winning Group announced the launch of new online furniture, bedding and appliances retailer, Andoo, its new shopping destination and the home of ‘feel-good’ living. Andoo is an online destination for the entire home, featuring a curated range of bedding, furniture, home entertainment and appliances from top international and local brands including; Sleepmaker, LG, Bosch A.H Beard, Rug Culture, Sealy and more. 

Two brothers find a unique solution to Aussie’s e-commerce waste problem

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Two brothers from Melbourne have made $1.5m in 12 months by solving Australia’s e-commerce plastic problem, which contributed to 2.5 million tonnes of plastic waste. With 2.6 billion parcels sent around Australia last year alone – Adam and Ace’s solution is to provide home compostable alternatives to bubble wrap, shipping mailers, and printing labels; all of which are currently being sent to landfill and taking 400+ years to decompose.