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RetailNext Fuels APAC Retail With Singapore Investor

RetailNext is expanding its presence in the Asia-Pacific.

The e-commerce analytics company was granted a strategic equity investment from Singapore investor EDBI, to help local businesses excel in today’s evolving retail scene and understand their digital consumer demographics.

“As a leading player in its industry, RetailNext enables consumer business owners to gain valuable insights on their customers while providing them with superior shopping experiences. Their integrated full-suite platform with advanced real-time monitoring analytics solutions will help improve businesses’ sales performance, productivity and operational efficiency,” RetailNext CEO Alexi Agratchev said. “EDBI is pleased to support RetailNext’s growth strategies to extend its footprint in Asia as it builds its data innovation and software development activities in Singapore.”

As the Asia-Pacific region experiences store deployments at a 300-plus percent rate, RetailNext will continue to drive local retailers with its heightened consumer data.

“RetailNext is privileged to include EDBI among its equity growth investors,” Agratchev said, adding, “The opportunity to bring EDBI into our business allows us to leverage not only its deep understanding of the Singapore and APAC regional operating environment, but also its extensive technology expertise and industry knowledge as RetailNext aggressively captures new business opportunities in the region’s retail industry.”