Tag Archives: Vend

Will cash registers soon become obsolete?


Cash registers have been fixtures of retail establishments since the beginning of commerce. But today, all that is changing. Thanks to technology, many shops in the US, including popular retail establishments like JC Penney, Nordstrom and Barney’s New York, have now abandoned the use of traditional cash registers in favour of high-tech mobile gadgets such as, the iPad and a mobile debit card reader. Powering these gadgets are Point-Of-Sale (POS) systems that not only record sales but can produce more detailed reports, track inventory, and improve the accuracy of cash flow. And as more and more establishments are switching to high tech mobile POS systems, more investors are placing their bets in a number of new-age POS startups. In March, Vend received a $20M Series B from Square Peg Capital and Valar Ventures; last October, Square raised a $150M Series E from the Government of Singapore Investment Corporation (GIC), and today, Revel Systems lands a $100M Series C from a consortium of investors. We sense a revolution in new-age POS systems, and it will be interesting to see which technologies will rise above.

You can read about Revel’s funding here.

Top 20 Asia & Pacific Deals for May 2014

Deal No.Amount Paid (USD)CompanyInvestor/BuyerSectorDeal Type
1$804,000,000ChinaVision Media GroupAlibabaMediaAcquisition
3$250,000,000Campaign MonitorInsight Venture PartnersSoftware & ServicesInvestment
6$126,000,000SK EncarCarsales.comEcommerceAcquisition
7$100,000,000Coupang SequoiaEcommerceInvestment
9$67,890,809LithiconFEI CompanySoftware & ServicesAcquisition
10$60,816,750Express DataDicker DataSoftware & ServicesAcquisition
12$45,168,480NetRegistryMelbourne ITTransactionsAcquisition
13$30,000,000SiteMinderTechnology Crossover VenturesTransactionsInvestment
14$28,000,000iYogi Axon Partners Group, Madison India CapitalSoftware & ServicesInvestment
15$24,800,000IndiaHomesNew Enterprise AssociatesTransactionsInvestment
17$21,000,000Au FinanciersConsortiumTransactionsInvestment
19$20,000,000VendPeter Thiel, Square Peg CapitalSoftware & ServicesInvestment

More information

  1. Alibaba Pays $804M To Take Majority Stake In TV And Movie Producer ChinaVision (TechCrunch)
  2. Australia’s Seek to Buy Jobstreet in $524 Million Deal (Wall Street Journal)
  3. Campaign Monitor partners with Insight Venture Partners (Campaign Monitor)
  4. Flipkart Raises $210M In New Funding From DST Global And Returning Investors (TechCrunch)
  5. EBay Bets Big On India, Pours Another $134M Into Online Marketplace Snapdeal (TechCrunch)
  6. Carsales splashes $126m on SK Encar (The Australian)
  7. Korean e-commerce giant Coupang snags $100M round at $1B+ valuation (VentureBeat)
  8. India’s Largest Online Classifieds Site Quikr, Raises $90M Led By Sweden’s Kinnevik (TechCrunch)
  9. ANU, UNSW tech startup sells for AU$76 million (Canberra Times)
  10. UPDATED: Dicker Data buys Express Data (ARN)
  11. Myntra Raises $50M (FinSMEs)
  12. Melbourne IT snares NetRegistry in $50.4m deal (AFR)
  13. SiteMinder Raises US$30M in Funding (FinSMEs)
  14. iYogi Raises $28M in Series E Financing (FinSMEs)
  15. IndiaHomes raises $24.8 mn from NEA, existing investors (Startup Central)
  16. Yatra.com raises $23M in a new round from IDG Ventures and Temasek’s VC arm Vertex (Tech Circle)
  17. Au Financiers raises $21M in fourth round from existing investors, promoters (VC Circle)
  19. Vend brings in $20M to simplify in-store sales (VentureBeat)
  20. Policybazaar raises $20M to scale technology & marketing; Rs 270 Cr in insurance premium in FY14 (MediaNama)