CommerceIQ

CommerceIQ

Supplier of SaaS and AI-driven analytics solutions for e-commerce companies

Founded

2012

Headquarters

Bengaluru (India)

Status

Series D

Company Details

Website

Socials

Email

Phone

+1 415-475-9745

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.

Core Products

  • 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.

Business Model & Revenue Streams

  • 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.

Customer Segmentation

 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.

Growth Strategy

  • 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.

Competitive Positioning

  • 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.

Conclusion

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.

Key People

Guru Hariharan

Himanshu Jain

Matteo Marchetta

Moni Manor

Sai Koppala

Key Metrics

Total Equity Funding

$196 Million

No. of Funding Rounds

4

Latest Funding Round

$115 Million, Series D

as of March 21, 2022

Post Money Valuation

$1 Billion

as of March 21, 2022

Funding Multiple

5.12

as of March 21, 2022

Investors

Madrona Venture Group

and 3 more

Employee Count

670

Similar Companies

Mensa Brands

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
March 21, 2022Series D$115 Million$1 Billion$6.7 Million132.9x SoftBank Vision Fund, Insight Partners, Trinity Ventures, Shasta Ventures, Madrona Venture Group
June 22, 2021Series C$60 Million-$4.6 Million- Insight Partners, Trinity Ventures, Shasta Ventures, Madrona Venture Group
July 16, 2014Series B$12 Million-$2.7 Million-Shasta Ventures, Madrona Venture Group, Trinity Ventures
July 16, 2014Series A$8.5 Million--- Madrona Venture Group, Trinity Ventures

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