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Top Retail tech fundings

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techstart Kenya

The 2020 covid pandemic has revolutionized how things happen across all industries, among the sectors that have been affected by the changes in the retail sector. The retail sector has been forced to change how things used to be done and adapt new technology to serve clients who are now in a “Stay at home” position.

Most Retail investors made heavy losses accruing to over 42% of Gross income in the industry.

Despite this, some retailers managed to stay afloat despite the drastic changes by adapting new technology fast. Here are some of them:

Roamler

In June, an Amsterdam-based on-demand workforce platform Roamler in June raised 20 million euros in a Series B funding round from Endeit Capital Smartfin and Achmea Innovation Fund. Founded in 2011the company plans to use the funds to expand operations in the Netherlands and its business reach internationally but first in Germany.

Arzoo

Arzooo, a B2B retail tech platform that transforms 300,000+ SMEs with its flagship “Go Store” product, raised US$7.5 million in a Series A funding round in October. The round was led by WRVI Capital, with existing investors 3Lines Venture Capital, a US-based investor, and Jabbar Internet of UAE. The company was announced to use this fresh capital for its tech-up-gradation and market expansion.

Cosmos AI

The developer of a data analytics platform to foresee the shopping behavior of consumers with regards to offline purchases, Cosmos AI in August secured US$15 million in Series A funding round. Led by Tiga Investments, the funds will be used to drive customer acquisition and product R&D.

RevLifter

RevLifter, an AI-powered technology provider that personalizes deals for retailers across any marketing channel, secured £3.4 million (about US$4.6 million) in a Series A funding round. The round was led by Maven Capital Partners and Gresham House Ventures. The fund will enable RevLifter to reach its growth projections faster, enabling the directors to scale the team, translate the pipeline, and improve their technology to help their clients.

Tilter

Tiller, an AI-powered software provider that uses computer vision to recognize products without barcodes, in October received US$7.5 million in a venture capital round. Investec Emerging Companies (IEC) with participation from Eleanor Venture and New York’s Cornell University, led the round. The fund will allow Tiliter to expedite its expansion across Europe and the U.S., with many supermarkets.

Greenbits

Greenbits is a cannabis retail platform serving medical dispensaries and adult-use retailers. In April, the company received a US$23 million Series B financing round. Tiger Global Management, along with Casa Verde, a Los Angeles-based cannabis investment fund, DNS Capital, and several prominent industry executives with experience in software and payments led the round. The company will use the funds to accelerate sales, marketing, and product development while expanding product and service offerings to new geographic markets.

Stacking

E-commerce intelligence platform Slackline in November sealed US$50 million in Series A funding round from Goldman Sachs Growth Equity. Founded in 2014, Slackline uses a blend of data analytics and marketing automation with a team of in-person e-commerce experts to build personalized sales strategies for brands that sell on third-party marketplaces like Amazon. The company plans to spend this fund on continuing to develop its tech stack and scaling globally.

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3 reasons to opt for non-diary milk

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Non-diary milk is the first real milk with proteins but not from animals, and it is becoming rather popular. Brands are coming up, and the first was Perfect Day milk. This milk is manufactured in labs hence the name lab milk, and it’s not made from animal cells but modified yeast. Technology has helped this invention because they have to use plants to make this milk; imagine getting milk from plants. This milk has all the necessary nutrients from proteins, fats, calories, and even fiber. The milk is also sweet and has a smooth texture; it also depends on the plant milk product type you choose. Here are the reasons why you should try non diary milk ;

1.Lactose free

Lactose is a sugar found in milk only in mammals, and your body cannot digest lactose if it doesn’t have the lactase enzyme. Everyone has the lactase enzyme, but age makes people not produce it. Lack of having lactase enzyme leads to a condition called lactose intolerant. People with lactose intolerant experience diarrhea, bloating, and even abdominal pain when they ingest animal milk. This milk is also good for small kids because they always tend to have allergic reactions to milk as they lack the lactase enzyme.

2.Its purely vegan

Vegans can now enjoy milk benefits without compromising their beliefs .people turn vegan because of health reasons or their beliefs against animal products .this milk is purely plant-based; it’s just fortified with the necessary vitamins, vitamin B12, and minerals like calcium.

3.Avoids health risks

Milk from animals tends to get contaminated; this is where the animals are kept; the animals’ litter. If milk is not handled correctly, like farmers using dirty milk buckets, it will get contaminated. Antibiotics and hormones are usually administered to the animals; this can contaminate animal milk as they do not quickly clear out of the animal body. Contaminated raw milk leads to severe illnesses like brucella or salmonella, which lead to hospitalizations and even death.

Go for this non-dairy milk if you want a substitute for animal milk; it still has the benefits animal milk offers. It is real milk.

Read also;https://techstart.co.ke/why-you-should-try-the-cbd-coffee/

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5 benefits of collagen for general body health

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The protein supplements industry is rapidly growing because many people need them. The main protein supplement is collagen which is also the most protein component in the body .to To get collagen supplements; most are hydrolyzed; this is to make it easier for one to absorb them. Sometimes purchasing the supplements is expensive; you can opt to drink born soup and eat pork skin to increase your collagen. Taking collagen has a whole lot of benefits that include;

Promotes a healthy heart

Collagen supplements provide structure to your arteries which are the main blood vessels that supply blood from your heart to the rest of the body. Collagen makes the arteries stronger and thick. Weak arteries become narrow and this leads to atherosclerosis which has the potential to cause heart attack and even stroke.

Weight management

Taking collagen supplements gives you a full feeling you will not feel the need to snack; you will take meals at specified times. Collagen supplements also cause faster metabolism, especially of the food you may have eaten.

Healthy joints

Collagen in the supplements helps to maintain cartilage, a tissue that protects joints .the supplements improve symptoms of osteoarthritis, which reduces joint pain. Continued use of collagen supplements causes it to accumulate in the cartilage and stimulate your tissues to create more collagen. The supplements reduce inflammation.

Healthier hair and nails

Collagen makes hair and nails to be strong and thick as it prevents brittleness .The supplements makes the hair and nails to grow faster .

Better skin

Collagen improves the elasticity and hydration of your skin; this helps to deal with the growing wrinkles and your dry skin. Collagen leaves skin brighter and smooth looking. It acts as an anti-aging component.

Read also;https://techstart.co.ke/examples-of-non-dairy-milk-and-what-to-consider-before-opting-for-it/

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Meal Kit new food industry trend

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Meal kit delivery service is a service where customers choose from a menu of dishes, get all the required ingredients sent and incorrect quantities.

A meal kit is a subscription service for a food service business. A company sends customers pre-portioned and sometimes partially prepared food ingredients and recipes to prepare home-cooked meals.

This trend is rapidly growing; there are many ads on live stream media and social media feeds. It has garnered many subscribers and many companies sprouting; they include Amazon, Blue Apron, and Home chef, so if you ever need your meal kit delivered to your doorstep, you are fully covered. Here are the advantages of the meal kit;

Better nutrition

Meal kits are quite healthy as all ingredients come fresh with no preservatives. Most meal kits come nutritionally balanced, and when it comes to having difficulties, including leafy greens or grains in their diets for those who always leave them out of their diet.

Easy food preparation

Most people have opted for meal kit subscriptions because they make the cooking of food easy. All your meal ingredients come thoroughly cleaned, prepared, and labeled accordingly. You can ask for meal kits for a week; all you have is to do is pull them out of the fridge and fix your desired meal.

Decision making made easier

When it comes to grocery shopping it’s always complicated because you have many ingredients to choose from. Meal kits come with specific ingredients and in their right portions.

Learning new ideas

With meal kits, you guarantee to get introduced to new recipes that are unique to you. Recipes provided allow you to learn new cooking techniques when you adhere to them, but you can become innovative and create your recipes.

Special diets options

Most meal kits service providers initially started as vegan and gluten-free diet providers. But as they progress, new and unique dietary needs and preferences are coming up.

No food wastage

Meal kits come with exact ingredients for the portion of food you want to cook like if it’s food for two people the ingredients that come are for a food portion of two people. Sometimes when you personally shop for ingredients you shop them in excess leading to food wastage.

Read also;https://techstart.co.ke/examples-of-non-dairy-milk-and-what-to-consider-before-opting-for-it/

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