2012
Bengaluru (India)
Series D
CommerceIQ is a leading provider of SaaS and AI-powered analytics solutions designed to optimize retail e-commerce operations for large brands. Operating at the intersection of advanced technology and retail, CommerceIQ primarily serves consumer packaged goods, electronics, and furniture industries, with a global customer base spanning over 2,200 brands and partnerships across more than 900 retailers.
Digital Shelf Analytics: Boost sales by optimizing product content, ensuring strong brand messaging, and maintaining compliance across digital shelves.
Ecommerce Sales Management: Use automated tools to prevent revenue loss, reduce out-of-stock (OOS) situations, and protect your brand from unauthorized third-party sellers.
Retail Media Management: Leverage AI-driven solutions to monitor reviews, enhance customer experience, and deliver comprehensive advertising results across retail media networks.
Profit Recovery Automation: Recover lost revenue with automated processes that address 100% of shortages, directly increasing your profits.
Market Share Analytics: Access machine learning-powered daily sales estimates, correlating with best seller rankings, review counts, and share of voice for precise market insights.
Nexis – AI Teammate: Enhance CommerceIQ capabilities with Nexis, an advanced AI assistant designed for commerce professionals, delivering rapid, actionable insights and automating analytics and reporting tasks.
The company is recognized for its innovative, all-in-one Retail Ecommerce Management Platform, which unifies sales, marketing, supply chain, and retail media operations. CommerceIQ was named to Fast Company’s “Next Big Things in Tech” list and previously as one of the “World’s Most Innovative Companies,” underscoring its impact and leadership in the industry.
Subscription-Based SaaS: The primary revenue stream is a subscription model, where brands pay monthly or annual fees for access to CommerceIQ’s platform and its suite of AI-driven automation and analytics tools.
Implementation and Onboarding Services: CommerceIQ charges for professional services related to platform setup, integration with existing systems, and user training, providing an additional revenue stream.
Performance-Based Pricing: In select cases, CommerceIQ may offer performance-linked pricing, sharing in the incremental revenue gains achieved by its clients through the platform’s optimization capabilities.
Customization and Integration: Custom solutions and integrations tailored to specific client needs are offered for an additional fee.
Upselling and Cross-Selling: CommerceIQ increases average revenue per customer by upselling advanced modules and cross-selling related services.
CommerceIQ primarily targets B2B enterprise clients, focusing on large brands and manufacturers with significant e-commerce operations. Its solutions are tailored for e-commerce retailers, brands with direct online sales channels, and consumer goods companies seeking to expand their digital footprint.
Market Expansion: Entering new industries and geographies to diversify its client base6.
Product Innovation: Continuous enhancement of machine learning and automation capabilities to address evolving e-commerce challenges.
Strategic Partnerships and Acquisitions: Collaborating with key industry players and acquiring complementary technologies (e.g., e.fundamentals) to broaden its platform and market reach.
Customer Success Focus: Delivering measurable ROI and profitability improvements for clients, reinforcing long-term relationships and retention.
Comprehensive Omnichannel Management: Integrates sales, supply chain, retail media, and digital shelf analytics into a unified platform..
Advanced AI and Automation: Leverages proprietary machine learning algorithms to automate critical e-commerce functions, driving efficiency and profitability.
Scalability and Flexibility: Designed to support the complex needs of large brands operating across multiple channels and markets.
CommerceIQ’s robust platform, innovative business model, and proven track record make it a standout in the rapidly evolving e-commerce technology landscape, offering compelling value for investors, researchers, and industry professionals seeking to understand the future of retail optimization.
$196 Million
4
$115 Million, Series D
as of March 21, 2022
$1 Billion
as of March 21, 2022
5.12
as of March 21, 2022
Madrona Venture Group
and 3 more670
Mensa Brands
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
March 21, 2022 | Series D | $115 Million | $1 Billion | $6.7 Million | 132.9x | SoftBank Vision Fund, Insight Partners, Trinity Ventures, Shasta Ventures, Madrona Venture Group |
June 22, 2021 | Series C | $60 Million | - | $4.6 Million | - | Insight Partners, Trinity Ventures, Shasta Ventures, Madrona Venture Group |
July 16, 2014 | Series B | $12 Million | - | $2.7 Million | - | Shasta Ventures, Madrona Venture Group, Trinity Ventures |
July 16, 2014 | Series A | $8.5 Million | - | - | - | Madrona Venture Group, Trinity Ventures |
November 12, 2024
November 16, 2023
March 21, 2023