Singapore startup Omnistream bags $7m in Series A funding | AsiaTechDaily & More News Here

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Omnistream, a Singapore-based data-powered retail options startup, has introduced elevating $7 million in Series A funding led by SIG Venture Capital, the Asian enterprise capital arm of Susquehanna International Group.

Delivery Hero Ventures, an independently managed enterprise capital fund backed by Delivery Hero, Asian funding administration agency Spiral Ventures, and enterprise investor Wavemaker Partners additionally participated in the funding spherical.

Wendy Chen, Founder, and CEO of Omnistream, mentioned she based Omnistream as a mission-driven agency to ship digital options to a few of the most critical difficulties affecting the retail business.

“As shoppers become more discerning, Omnistream empowers retailers to provide a superior customer experience that includes a more tailored product assortment, fewer stock-outs, and less waste across the retail supply chain. With the support of our Series A investors, we are excited to bring these benefits to more retailers and their customers across the globe,” Chen mentioned in an announcement.

Blake Ong of SIG mentioned they’re happy with Omnistream’s capacity to productize what was beforehand an expensive but unsuccessful method for retailers to raised serve prospects.

Ong added that their funding will assist Omnistream obtain its international objectives of offering next-generation expertise options to a various set of companies.

Brendon Blacker, Managing Partner of Delivery Hero Ventures, mentioned their goal of making a extra sustainable meals and grocery business resonated with the corporate’s mission-driven technique.

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Omnistream, a worldwide software-as-a-service (SaaS) agency based mostly in Singapore, gives options to vital retailers in Asia, Australia, Europe, and North America, with over 8,500 retail places.

The firm’s expertise assists retailers in optimizing their bodily footprint by creating store-level planograms that optimize assortments for hyperlocal demand, ensuing in materials gross sales will increase.

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