Nextorbit

NextOrbit offers predictive algorithms that works on retailer data combined with competitor pricing.

Business Model: SAAS

Revenue: $29.7M

Employees: 201-500

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Detailed Nextorbit Information

Geographic Data

Nextorbit headquarters map

Address: USA NextOrbit Inc 4512 Legacy Drive Suite 100

City: Plano

State: TX

Zip: 75024

Country: US

Financial Info

Stage:

grant

Raised Last:

$18k

Raised Total:

$244k

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

Price Elasticity Modeling. Price Optimization. Demand and procurement planning. Impact of price changes on demand. Determining what promotions to run and when. Determining how much of each product to buy within your capital budgets. Mapping and tracking competitor pricing. And how they impact demand, and pricing. Better store ordering /store allocation (pull vs push) – to meet store needs and not overdo it. And allocating across stores in an optimal manner. Better production recommendations – going beyond “those who bought this also bought this..” All of this enabled by AI (Artificial Intelligence) and Machine Learning. That’s what NextOrbit can do for you. Evidence: Clients in the Fashion, eCommerce, Store Pick firms, Retail Store owners benefited by enhanced demand planning, coupled with improving customer experience, loyalty, average basket size, cash flows and reduced store labor. NextOrbit Implementation leads to the following benefits: • 5% -15% improvement in same store sales /online sales • 5% reduction in inventory • Same headcount can manage higher volumes/growth. No need to add people to the planning teams • Higher customer basket size • Lower lost opportunity – right stock at the right place • Higher full price sell through (lesser markdown) • Better optimization of your capital Need a Platform demo, drop a note to: [email protected] Learn more by visiting our site: www.nextorbit.com Our Founder, CEO can be reached at: [email protected] Accolades: NextOrbit was featured as the top provider in CIO, Insight Success and a host of other worldwide retail publications and exchanges. One such link is here to explore: http://insightssuccess.in/nextorbit-accelerating-growth-and-enhancing-operational-effectiveness-of-brands-and-retailers/ Recent Update: Grocery Exchange, USA partners with NextOrbit to help Independent Store Owners. Stay tuned for the PR &a; the website launch.

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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
9/2021 Grant 1 $18.5k Singapore Tourism Accelerator
Singapore Tourism Accelerator
6/2015 Seed Round $226k
Announced Date Name Price

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