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Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a leading global commerce enablement, payments, and loyalty platform designed to help merchants scale their business, has today announced a definitive agreement to acquire VMtecnologia, a leading technology provider for the automated self-service industry in Brazil. This strategic acquisition marks a significant step in Nayax’s expansion into the Latin American market, bolstering its global footprint. The acquisition of VMtecnologia will extend Nayax’s comprehensive service offerings across Brazil as well as serves as a key milestone in fulfilling the company’s international expansion growth strategy. By entering the Latin American market with a strong and immediate market presence, Nayax is poised to leverage VMtecnologia’s established footprint, serving over 2,400 retailers in diverse industries across all 27 states in Brazil and more than 466 cities. This strategic move significantly enhances Nayax’s global presence and its ability to offer advanced automated self-service solutions. With this expansion, Nayax will now serve over 18,300 additional unattended points of sale, including vending machines, micro markets, autonomous laundromats, and the electronic entertainment sector. The purchase price corresponds to an enterprise value of approximately R$110 million BRL (~$22 million USD). The transaction is slated for completion in Q2 2024, pending the fulfillment of closing conditions. Read the full story of this deal in our blog. ____ PT-BR A Nayax Ltd. (Nasdaq: NYAX; TASE: A NYAX), plataforma líder global de pagamentos e fidelidade que visa facilitar o comércio e ajudar os comerciantes a escalar seus negócios, anunciou hoje a aquisição da VMtecnologia, líder de mercado em tecnologia para o setor de autoatendimento no Brasil. A aquisição marca um passo significativo na expansão da Nayax no mercado latino-americano, reforçando a sua presença global. A aquisição da VMtecnologia ampliará a oferta abrangente de serviços da Nayax em todo o Brasil e servirá como um marco importante no cumprimento da estratégia de expansão internacional da empresa. Ao entrar na América Latina com uma presença forte e imediata no mercado, a Nayax está preparada para alavancar a atuação da VMtecnologia, atendendo mais de 2.400 varejistas em 27 estados e mais de 460 cidades. O movimento aumenta significativamente a presença global da Nayax e sua capacidade de oferecer soluções avançadas de tecnologia em autoatendimento. Com esta expansão, a Nayax passará a atender mais de 18.300 pontos de venda autônomos, incluindo vending machines, micro markets, lavanderias autônomas e o setor de entretenimento eletrônico. Prevê-se que a integração contribua imediatamente para o lucro líquido da Nayax, considerando o fit estratégico e potencial de crescimento que a aquisição representa. O preço de aquisição equivale a um Enterprise Value (EV) de aproximadamente R$ 110 milhões.

What did a 10-pack of Wrigley’s do for the CPG industry?  .  .  .  On June 26, 1974, a 10-pack of Wrigley’s with a UPC was the first barcode scan at a supermarket in Troy, Ohio.    This June marked the 50th “scanniversary” of the Universal Product Code (UPC) barcode – used to identify over 1 billion products and scanned over 10 billion times daily.     But where is the UPC headed next?    New 2-D barcodes, like QR codes, are emerging on product packaging to provide consumers with more product info.    A recent survey found that 79% of shopper are more likely to purchase a product with a scannable barcode/QR code.    A QR code can help consumers understand product composition, sustainability efforts and recalls, while aiding retailers with inventory control, on-demand discounting, and couponing.     Do you use a QR code on your product?    #mijalearns #cpg #innovation #entrepreneurship #startups #education      https://lnkd.in/gbzjiMFi 

Retail Sunday: Startups Redefining the Shopping Experience (Part 1) Brick-and-mortar stores and online retailers are constantly seeking new ways to stay competitive in the ever-evolving retail landscape. This drive for innovation has fueled the rise of RetailTech – a vibrant ecosystem of startups developing cutting-edge solutions for both in-store and supply chain operations. Here at Retail Sunday, we're passionate about tracking this growth. Since 2019, RetailTech companies have collectively raised nearly $5 billion across over 250 equity deals, with 2022 alone witnessing a staggering $3.1 billion invested in 106 deals. This year's cohort even boasts three retail unicorns: Mashgin (self-checkout), Veho (delivery management), and Swiftly (omnichannel operations and loyalty). This series will explore exciting startups leading the charge in retail tech. In Part 1, we meet two innovative companies tackling distinct yet critical challenges in the retail space: Distro (YC S24): This AI-powered platform empowers counter and inside sales staff at industrial wholesale distributors (think HVAC/R, plumbing, electrical) to tackle complex customer requests with ease. Distro utilizes real-time product information and automates quotes, allowing faster sales cycles, higher conversion rates, and improved customer retention. Founder: Jason Sullivan Intercept (YC W24):   Tired of incorrect charges from retail chains? Intercept is here to help. This innovative platform assists CPG (consumer packaged goods) brands in managing discrepancies and disputes with retailers. It gathers fee data from various retailer portals and emails, flags potential issues, and automates the entire dispute resolution process. This allows brands to visualize, understand, and automatically challenge incorrect charges, freeing up valuable resources for other tasks. Founder: Sasha Zhang and Jordan Wick. The takeaway? While e-commerce giants capture a significant portion of consumer spending, physical retail is not going anywhere. It's evolving, and retail tech is at the forefront of this transformation. Stay tuned for Part 2, where we explore more innovative startups shaping the future of retail! #distro #intercept #retailtech #shoppingexperience #startups #retailchain #retailspace #venturecapital #yccombinator #yc

Flexport's Bazaar of Broken Dreams In global logistics, trust is the ultimate currency. In the bustling marketplace of global logistics, Flexport struts as a champion of innovation. Its latest boast? The grand expansion of its Convoy platform, promising a vibrant bazaar where brokers and carriers flourish. Don't be dazzled by the fairy lights. Behind this shimmering facade lurks a practice as old as commerce itself: exploiting the vulnerable. Flexport's "revolutionary" marketplace isn't built from scratch but scavenged from Convoy's ruins. Once a thriving hub, Convoy collapsed under financial strain, leaving its merchants unpaid and dreams shattered. Instead of an honorable acquisition, Flexport swooped in like a cunning merchant guild, snatching assets at rock-bottom prices, sidestepping fair trade norms. This isn't Flexport's first foray into such predatory tactics. Their tactics reveal a pattern: growing not by blazing trails, but by absorbing the wilted ambitions of smaller ventures. They're not creating new trade routes; they're looting old maps without crediting the original cartographers. The repercussions echo through the logistics bazaar. Innovative startups, the true artisans crafting tomorrow's solutions, now hide their designs. The fear? In tough times, their hard work might be snatched by large firms, offering pennies for their genius. Even Flexport's current allies are eyeing the exits. If Convoy's creators were so easily discarded, what loyalty can any partner expect? Today's collaborator could be tomorrow's acquisition target. In global logistics, trust is the ultimate currency. As Flexport expands its empire with reclaimed stalls, many question its foundation. Built on opportunism and disregard for the little guy, it's an edifice that may soon crumble. Flexport claims to be revolutionizing logistics. The truth? They're just repackaging old ideas, exploiting hardships, and calling it innovation. In this cutthroat bazaar, they're not the visionary merchant—they're the opportunist preying on broken dreams. -------- ---------- ---------- ---------- ---------- Connect with MonarKonnect Ltd. for a logistical architects solution from Kataryna or myself Join Wake up and Deliver with John McClymont and myself every Monday Morning at 0700 EST → https://lnkd.in/g8GNThZy Join Jessica Windham, John McClymont and myself where we lead logistics ideas this month focusing on Disruptors → https://lnkd.in/g45sP_iB

🚀 Exciting News: Digi Suvidha Ignites Kirana Shops' Digital Revolution! 🌐💼 In the heart of local economies, Kirana shops have been the unsung heroes, and now, they're stepping into the future with Digi Suvidha! 🛍️💻 This transformative initiative is not just a game-changer – it's a digital metamorphosis for these beloved neighborhood stores! 🌟 Digi Suvidha understands the pulse of our communities, recognizing the pivotal role Kirana shops play. It's not just about surviving; it's about thriving in the digital age! 📲💰 Imagine your corner Kirana shop turning into a tech-savvy service hub! 💡 With Digi Suvidha, that vision becomes a reality. We're talking about streamlined operations, digital payments, and inventory management – all at the fingertips of your friendly shopkeeper! 🔄✨ But it doesn't stop there! 🚚🛒 Digi Suvidha empowers these shops to offer a broader range of services. Picture this: online orders, digital transactions, and even doorstep deliveries! 🌐📦 And it's not just about the tech – it's about empowering the real heroes behind the counters. Digi Suvidha champions digital literacy among Kirana shop owners, ensuring they're not just keeping up but thriving in the digital revolution! 📚🚀 Let's celebrate this fantastic synergy of tradition and tech! 🎉💼 Digi Suvidha is the bridge connecting our cherished Kirana stores to the limitless possibilities of the digital era. Here's to a future where our community-centric businesses not only survive but thrive! 🌍🛍️ #DigiSuvidha #DigitalTransformation #KiranaShopsRevolution

Quick Commerce (Q-commerce) companies like Zepto, Dunzo, and others have undeniably transformed the retail landscape by promising lightning-fast delivery and unparalleled convenience. However, as we look toward the future, a critical examination reveals a complex and challenging path ahead for these innovators. Scalability Achieved, Profitability Elusive While Q-commerce companies have demonstrated remarkable scalability, achieving profitability remains a distant dream. Many of these firms are heavily reliant on venture capital (VC) funding to sustain their operations, raising concerns about the sustainability of their business models. The high operational expenditures (OPEX) associated with maintaining a robust logistics network and meeting delivery promises contribute to this profitability challenge. The Valuation Game and Financial Burn Currently, the Q-commerce industry seems to be caught in a valuation game. Companies are burning through substantial amounts of cash to expand their market presence and enhance their service offerings. This aggressive spending is often necessary to compete and capture market share, but it raises questions about long-term viability. The case of Dunzo, which recently shut down, underscores the precarious nature of the Q-commerce business. High Operational Costs The operational costs in Q-commerce are significantly high. Ensuring quick deliveries requires a dense network of fulfillment centers, sophisticated logistics, and a large fleet of delivery personnel. The costs associated with these operations can be staggering, making it difficult to achieve a profitable balance. Additionally, the pressure to offer competitive pricing further squeezes margins. Survival on VC Money Many Q-commerce companies are surviving primarily on the influx of VC money. While this investment is crucial for growth and innovation, it also creates a dependency that may not be sustainable in the long run. As investors seek returns, these companies will face increasing pressure to demonstrate profitability, not just growth. A Tough Industry The Q-commerce sector is inherently tough. The recent closure of Dunzo highlights the challenges these companies face, from operational hurdles to financial sustainability. The industry is marked by intense competition, high customer expectations, and significant logistical complexities. Navigating these challenges requires not only innovative solutions but also prudent financial management and strategic planning . Looking Ahead Despite these challenges, the future of Q-commerce is not without hope. Companies that can innovate to reduce operational costs, optimize logistics, and leverage technology effectively will have a better chance of achieving profitability. Embracing sustainability and adapting to changing consumer behaviors will also be critical. #QuickCommerce #FutureOfRetail #RetailInnovation #SupplyChain #Sustainability #BusinessGrowth #QCommerce #RetailStrategy #ProfitabilityChallenges

Over 80% Retailers Don’t See E-Commerce As Threat: Study #Retailers #ECommerce #Study #RetailIndustry #DigitalTransformation #BusinessInsights #MarketResearch #RetailTrends #OnlineShopping #ConsumerBehavior #NeoGrow #Ecosystem #DeliveryServices #SallBusiness #Startup #FestiveSeasons #OpportunityIndia https://ow.ly/J2OM50Q3sY4

Retailhub Innovative Solution for Rapid Listing Creation RetailHub (https://retailhub.ae/) Apply to Hub71 https://www.hub71.com/ Discover the groundbreaking approach to e-commerce with Daniel Alimov, the visionary founder of RetailHub, as featured in this exclusive YouTube video. RetailHub, based in the vibrant startup ecosystem of Hub71, is transforming the way businesses create online product listings. With the motto "Create listings in hours instead of weeks," RetailHub introduces a game-changing service for Marketplaces, Aggregators, and Retailers with their own E-commerce platforms. Why RetailHub is a Game-Changer: Speed and Efficiency: Submit your barcodes and see your listings go live in hours, not weeks, making your inventory available to customers faster than ever. No Double-Checking Needed: RetailHub's promise is reliability. Each SKU is manually vetted by professional content managers, ensuring accuracy and adherence to your content requirements. Customized Listings in 24 Hours: Your listings are not just created quickly; they are crafted in the perfect format tailored to your needs, all within a day. High-Quality Images: Alongside accurate and speedy listing creation, RetailHub provides high-quality product images, ensuring your products stand out. How RetailHub Works: Simplicity in Submission: Just submit the barcode and your desired format, and let RetailHub take care of the rest. Leveraging Technology and Database: With a database of over 1,000,000 items, RetailHub generates detailed listings for you, employing AI to adjust the format to perfection. Manual Updates When Needed: In cases where details are not already in our database, our team updates it manually, ensuring no product is left behind. Join us in this enlightening video as Daniel Alimov takes us behind the scenes of RetailHub, showcasing how this innovative platform is set to revolutionize the e-commerce landscape. Whether you're a marketplace, an aggregator, or a retailer seeking to enhance your online presence, RetailHub offers a streamlined, efficient solution to listing creation. Say goodbye to the tedious weeks-long process and hello to swift, accurate, and visually appealing listings with RetailHub. #Retaihub ranked 61589 by Crunchbase CEO & Co-Founder Retailhub Daniel Alimov Co-Founder RetailHub Roman Tikhonov #uae #mena #fintech #Crunchbase #in5 #dic #DubaiInternetCity #technology #b2b #startups #software #Entrepreneurship #development #funding #project #environment #investment #opportunities #analytics #stockmarket #Networking #glocal #mentorship #ceo #socialentrepreneurs #b2p #b2c #dubai #crunchdubai #team #leader #startupcompany #Businessmindsets #Crowdfunding #cloud #marketingdigital #Socialmedia #Marketing #Socialnetworking #humanresources #leadership #entrepreneursmindset #branding #marketing #management #manufacturing #engineers #machinelearning Read more here👉👉👉 https://lnkd.in/gbE8haF6

In the retail industry, margins are notoriously tight, so there is a natural reluctance to invest in new technologies and embrace change. Despite this, a significant amount of change has come to the retail industry. Retailers - all retailers - must implement new technologies to remain competitive. Read More: https://bit.ly/4e48z7m . . . . . #conference #ShopTalk #Rybalsky #RybalskyConsultingGroup #ecommerce #marketing #business #digitalmarketing #ecommercebusiness #online #socialmediamarketing #amazon #onlineshop #shopping #onlinestore #startup #ecommercewebsite

Should Walmart Have Closed Store No. 8? Walmart has revealed plans to close Store No. 8, its internal startup incubator that launched in 2017 to help catch up to Amazon’s online business. The closure is seen as a way to reduce costs while enabling innovation to shift to local teams. Store No. 8, launched just after the JetDotCom acquisition, was designed to test innovations over three-to-five-year cycles via partnerships while also serving as a tool to recruit tech talent. The name refers to an early Walmart location in Arkansas where co-founder Sam Walton tried out new concepts. Read the full article here: https://lnkd.in/etcKxBB9 Ricardo Belmar "Adopting an innovation mindset across the Walmart business will serve them better than a dedicated innovation lab in the long term." Dave Wendland "Using Store No. 8 as an incubator has proven VERY successful for Walmart. I think their closure of the physical location and decision to focus on other methods of innovation is prudent. However, I would not be surprised to see other incubator Walmart stores spotting our landscape in the very near future." Lisa Goller, MBA "Store No. 8 made sense as a way for Walmart to test innovations and manage their adoption and growth. Times have changed. Now that Walmart is more mature and proficient with technology it can redeploy Store No. 8 talent and resources into new priorities."