5 years ago

NearSt Secures £2 Million to Connect Local Shops with Online Shoppers

  • NearSt, a Google-backed retail technology startup based in London, has raised £2 million in seed funding

  • The company's platform connects local shops' inventory to online search engines, allowing nearby customers to find products they need and boosting in-store traffic

  • The funding will be used to expand NearSt's reach within the UK and internationally.

      • ProblemTechnology

      "Local brick and mortar stores are losing business to online retailers because customers can't easily see what's in stock nearby."

      Solution

      "NearSt provides a platform that connects a store's inventory to Google Search and Facebook, allowing potential customers to see real-time product availability in their local area and driving foot traffic to physical stores."

      Covered on