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Posts Tagged ‘Trax’

S’pore, Indonesia doing well in unicorn breeding

In Indonesia on 26/08/2019 at 3:00 pm

A unicorn is a privately held startup company with a current valuation of US$1 billion or more.

S’pore’s got two: Grab (the mobility platform that wants to conquer SE Asia) and Trax (Computer vision technology for use in retail industry: FT builds tools for bricks-and-mortar retail)

Whatever, we are doing pretty well in unicorn breeding. We’ve got two, while Japan has only three.

But then Indonesia has four  Go-Jek, Tokopedia, Traveloka, and Bukalapak.

Go-Jek is a mobility platform that also wants to rule SE Asia. Tokopedia and  Bukalapak are e-commerce businesses Traveloka provides airline ticketing and hotel booking services online.

FT builds tools for bricks-and-mortar retail/ TOC is hypocritical

In Internet on 25/06/2019 at 6:51 am

Trax, a US$1.1bn S’pore-based start-up, is bringing together data from in-store cameras and a new mobile app, which guides shoppers to purchases, to try to bolster high street stores. FT Joel Bar-El is CEO and co-founder.

It installs cameras on shop shelves to monitor how goods are placed, while its customer-facing apps let shoppers do market research and help retailers understand how they react to price and promotions.

Trax has just bot  Shopkick Californian shopping rewards app for an undisclosed fund.

The “T” in FT can stand for “Talent” not “Trash” who beat up S’poreans if TOC is to be believed. Don’t listen to the foreigners who write for TOC: TOC: A lot of bull.

At least FTs work here and pay GST and other taxes. Terry’s team work overseas. And TOC and its cybernut readers criticise the PAP govt for allowing in FTs?