State Of Retail Tech (H1’20)

  • Europe’s share of retail tech deals is growing. So far in 2020, Europe has captured 25% of retail tech deals, its highest share in the last 5 years. While North America still leads in deal share overall, its share has slipped in recent years.
  • Funding to the e-commerce space grew in Q2’20 quarter-over-quarter as the pandemic pushed more buying online. Social commerce startups, resale platforms, and virtual shopping tools all received attention as retailers rushed to improve the online shopping experience.
  • Deals to the on-demand space accelerated. The pandemic spurred an increase in interest for fast delivery, in turn driving more deals to on-demand tech in Q2’20. Incumbents made key acquisitions during the quarter to help improve delivery efficiency. 
  • Food delivery deals jumped in Q2’20. The explosion in online grocery demand drove an increase in deals to food delivery startups in Q2’20 compared to Q1’20. Deals in the first half of the year remained concentrated in the early stages.

Source: CB Insights

By Sourabh Soni

Associate Data Scientist at UnitedHealth Group; IIT graduate