Mercato raises $26M Series A to assist smaller grocers compete online

Mercato raises $26M Series A to assist smaller grocers compete online

The pandemic upended the way people purchase their daily requirements, including groceries. Online grocery sales in the U.S. are expected to reach 21.5% of the overall grocery sales by 2025, after jumping from 3.4% pre-pandemic to 10.2% as of 2020. One organization riding this wave is Mercato, an online grocery platform that helps smaller sized […] Brannigan hired some engineers from his last company to assist him construct the software application systems to modernize his dad’s shop, consisting of Mercato’s co-founders Dave Bateman, Michael Mason, and Matthew Alarie. He compares Mercato as a sort of “Shopify for groceries,” as it gives shops their own page on Mercato where they can reach clients. When the consumer sees Mercato on the web or via its app, they can go into in their zip code to see which regional stores provide online shopping. Unlike Instacart and others which send buyers to shops to fill the orders, Mercato allows the merchants themselves to preserve the customer relationship by handling the orders themselves, which they can receive through email, text or even robo-phone calls.

IoT and data science will improve foodtech in the post-pandemic age

IoT and data science will improve foodtech in the post-pandemic age

Leveraging information, hardware and biological services can help brick-and-mortar stores stay relevant and continue producing cash. As the number of in-store consumers continues to change, planning stock and reducing waste has become ever more so a challenge for grocery shop supervisors. While e-grocers are automating and enhancing their satisfaction operations, brick-and-mortar grocers can automate and optimize their stock preparation mechanisms. Spun out of a company hackathon project, the internal tool has actually been deployed at over 43 circulation centers nationwide and assures to conserve Walmart over $2 billion in the coming years. The results have been nothing however positive– Rack Engine customers have increased gross margins by over 25%and Afresh customers have actually lowered food waste by up to 45 %. …