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) Company Investor/Buyer Sector Deal Type
1 $804,000,000 ChinaVision Media Group Alibaba Media Acquisition
2 $523,500,000 Jobstreet Seek Transactions Acquisition
3 $250,000,000 Campaign Monitor Insight Venture Partners Software & Services Investment
4 $210,000,000 Flipkart Consortium Ecommerce Investment
5 $134,000,000 Snapdeal EBay Ecommerce Investment
6 $126,000,000 SK Encar Carsales.com Ecommerce Acquisition
7 $100,000,000 Coupang Sequoia Ecommerce Investment
8 $90,000,000 Quikr Kinnevik Transactions Investment
9 $67,890,809 Lithicon FEI Company Software & Services Acquisition
10 $60,816,750 Express Data Dicker Data Software & Services Acquisition
11 $50,000,000 Myntra Consortium Ecommerce Investment
12 $45,168,480 NetRegistry Melbourne IT Transactions Acquisition
13 $30,000,000 SiteMinder Technology Crossover Ventures Transactions Investment
14 $28,000,000 iYogi Axon Partners Group, Madison India Capital Software & Services Investment
15 $24,800,000 IndiaHomes New Enterprise Associates Transactions Investment
16 $23,000,000 Yatra Consortium Transactions Investment
17 $21,000,000 Au Financiers Consortium Transactions Investment
18 $20,846,880 Betstar Ladbrokes Transactions Acquisition
19 $20,000,000 Vend Peter Thiel, Square Peg Capital Software & Services Investment
20 $20,000,000 Policybazaar Undisclosed Transactions Investment

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)