(She declined to give a figure.) Over the next year, the company plans to expand its work with sellers and manufacturers in industries where it sees strong upward momentum, specifically home decor, accessories and makeup. “The original upfront risk of buying inventory is now shared among retailers, Trendsi platform and the manufacturers.”ĭespite competition from inventory optimization startups like Flieber, Syrup Tech and Black Crow AI, business has been robust over the two years since Trendsi’s founding, Zhang claims, with new user growth up 10x year-over-year. “ allows retailers to only take minimum and no inventory risk by building our inventory and sales forecasting models and offering the drop-shipping service,” Zhang explained. Recently, Trendsi launched a feature it calls “just-in-time” manufacturing, which aims to help manufacturers quickly restock based on real-time sales data and predictions. “With Trendsi … influencers, creators, and more can sell via social networks without worrying about sourcing products, managing warehouse, packaging and shipping, etc., so that they can focus on what they love: their brand and customers.” “We are building a new platform that lowers the barrier for anyone to start selling online or offline,” Zhang told TechCrunch in an email interview. Zhang tells TechCrunch that the new cash will be put toward investments in data infrastructure, supply chain technology, new merchandise categories and international expansion. Lightspeed Venture Partners led the tranche, with participation from Basis Set Ventures, Footwork VC, Peterson Ventures, Sierra Ventures, Liquid 2 Ventures and individual investors, including Zoom CEO Eric Yuan and Zola CEO Shan-Lyn Ma. #Lightspeed sierra series#After gaining traction during the pandemic as many retail businesses made the risk-reducing pivot to selling goods directly to retail, rather than buying inventory, Trendsi has closed a $25 million Series A round that brings its total capital raised to $30 million. Seeking to give sellers greater visibility over product demand, so they can make more informed decisions, Ella Zhang co-founded Trendsi, which connects sellers with suppliers while managing the back-end supply chain for its customer base. Dead stock costs sellers and manufacturers as much as 11% of their revenue, reports Katana, which develops raw material and bills of material tracking software. The impact on profitability can be quite severe. doesn’t sell) or obsolete, according to one source. Even at well-run companies, anywhere from 20% to 30% of inventory is either dead (i.e. In the traditional business-to-business world, sellers often don’t know how much of a product they should order.
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