here’s the retail tech news you may have missed last week – Retail Technology Innovation Hub

Big Four supermarket Asda gives the green light to fully implement its Retail Insight Inventory Insight solution

Asda expanded technological cooperation with Retail Insight, a provider of software for store operations, to improve shelf availability and in-store comfort.

The combination includes full in-store implementation of Retail Insight’s Inventory Insight solution.

Asda currently serves over 800 locations across the UK – from supercenters, supermarkets, supermarkets, Asda Living stores, petrol stations and warehouses – and serves 18 million customers a week.

Due to the large store footprint and the huge number of SKUs in storage, the company inevitably felt the impact of inaccurate inventory and wanted to improve inventory accuracy across its store network.

US startup Max Retail raises $15 million in Series A round to help independent retailers and brands sell excess inventory

Maximum retail salesmarketplace through which independent retailers and brands can sell excess inventory announced a $15 million Series A round led by Nosara Capital, with participation from Rethink Impact.

The round also includes ongoing support from VC M13, The Artemis Fund and StandUp Ventures.

“Independent retailers are key pillars of their communities, but they have limited options for using excess inventory, other than discounting well below cost, drop shipping, or making a tax-deductible donation,” says Melodie van der Baan, CEO and co-founder of Max Retail and former independent retailer.

“With this investment, we will continue to grow our sales channel network and expand this excess inventory solution to support the full product lifecycle, providing independent retailers and brands with the tools they need to increase inventory turnover and maximize cash recovery from unsold merchandise.”

Zilch leverages GenAI and machine learning as it announces reaching four million customers in 44 months

Zilchthe BNPL specialist, touted as the world’s first ad-subsidized payments network, has surpassed four million registered customers within 44 months of its launch.

“In less than four years, we have transformed the way millions experience, engage and, most importantly, are rewarded with everyday payments, generating over $500 million in savings and costs for our customers,” says Philip Belamant, CEO and co-founder of Zilch.

Zilch says it is currently attracting over 100,000 new customers every month and around 12% of the 33 million working adults in the UK currently have an account with it.

Since launch, the platform has generated over $3 billion in gross merchandise value (GMV) for retailers, with over half of that value generated in the last 12 months.

DoorDash partners with Ulta Beauty and claims beauty products and on-demand delivery

DoorDash and Ulta Beauty announced the expansion of their partnership to offer on-demand delivery from over 1,350 stores in all 50 US states.

Customers can now shop Ulta Beauty’s selection of over 25,000 products from over 600 brands including cosmetics, fragrances, skincare, haircare and wellness exclusively on the DoorDash app.

With this deal, all active monthly DoorDash users can place orders from the beauty retailer in all 50 states. This builds on DoorDash’s recent entry into new categories in retail and grocery to expand its selection.

Consumers can browse and discover their favorite beauty products on DoorDash’s dedicated Beauty tile, and products are delivered right to their door in less than an hour on average.

Autonomous retail technology startup Pixevia raises €1.5 million and plans to expand into DACH

AI retail technology company, Pixevia, obtained EUR 1.5 million in new financing. In this round, new investors: Coinvest Capital, Omni Commerce Ventures and Rita Sakus joined lead investor Iron Wolf Capital.

Other prominent current Open Circle Capital backers Vladas Lašas and Renaldas Zioma made significant contributions.

The funds will be used for planned expansion in the United States and Europe, especially in the DACH region. These plans include the integration of new facilities such as sports arenas, university campuses and airports.

To date, Pixevia has raised €4.1 million. Part of this amount came from EU research grants, mainly from capital investments.