ReturnLogic Raises $8.5 Million in Series A Funding From Mercury and Other Leading Investors
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Tuesday, August 9, 2022
Online Retail, Data Management, Retail, Technology, Mobile, Wireless, Software, Internet, Online, API, National Retail Federation, CEO, Technology, Shopify, Mercury, VA-55 (U.S. Navy), Workforce, Software as a service, CRM, IMS, Improper integral, SAK, 3PL, Development, Amazon, Solution, RMAS, Walmart, Online shopping
Returns create a massive expense line for retailers; however, the underlying problem is the mishandling of returns due to operational deficiencies.
Key Points:
- Returns create a massive expense line for retailers; however, the underlying problem is the mishandling of returns due to operational deficiencies.
- Retailers are then equipped with data to make product, process, manufacturing, and procurement changes to enhance customer experiences and improve the bottom line.
- The ReturnLogic API plugs into any e-commerce platform with returns operations, allowing for low friction adoption and a holistic, automated system for the entire returns process.
- To date, Mercury has created over $10 billion of value with an operationally focused investment strategy helping startups achieve rapid, sustainable growth.