Making the world a better place?


Share post:

elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.

With Disrupt only a couple of weeks away, I am getting my ears ready to hear startups promise that they are making the world a better place. As cliché as it is, it could well be true, and it’s at least worth trying. — Anna

Happy returns

Have you heard of reverse logistics? If you haven’t, you are surely familiar with the concept behind it: e-commerce returns.

Mexico-based entrepreneur Agustin Shutte told my colleague Christine Hall that in Latin America, the reverse logistics process “is a mess” — and it’s a mess his company Devolut is hoping to fix, with $600,000 in pre-seed funding.

But on a global level, Devolut is not the only startup in this space. There’s YC Combinator alum Rever and Philadelphia-based ReturnLogic. But Shutte told Christine that U.S. company Happy Returns, which PayPal acquired in 2021, is the one he’s most hoping to emulate, with a network of “city points.”

More than the physical footprint, though, what caught my attention is how many of these return-focused startups say they are using AI in some form. For example, Devolut is working on leveraging AI to make new product recommendations as part of the return and exchange process.

Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

X is shutting down its Circle feature in October

Elon Musk-owned X, formerly Twitter, is shutting down its Circle feature — bringing an end to its...

Plantiga Technologies’ AI-powered footwear sensor pod aims to reduce injury risks

Plantiga Technologies, a Vancouver-based movement analytics company, wants to help people improve rehabilitation and reduce injury risks...

HME Square aims to measure glucose painlessly with photoacoustics

People with diabetes have to monitor their blood sugar levels regularly by pricking their skin. Many glucose-monitoring...

Microsoft refreshes Surface Laptop Go and Laptop Studio

What is a Surface event without a Panos Panay? Microsoft answered the existential question today during a...

Communia hopes to build a digital safe space for women

Olivia Deramus didn’t plan on becoming an entrepreneur. She grew up in Washington, D.C., obtained a degree in...

TikTok may start serving you Google Search results

TikTok is testing a new feature that integrates Google Search into its own in-app search results. The...

And the winner of Startup Battlefield at Disrupt 2023 is… BioticsAI

During the last three days 20 startups participated in the incredibly competitive Startup Battlefield at TechCrunch Disrupt....

Salesforce to acquire, a low-code platform for building AI customer service agents

Salesforce has announced plans to acquire, a low-code platform that helps e-commerce companies build AI-powered customer...