Skip to main content

Soda Says, a curated consumer electronics retail platform, launches in the U.S.

Grace Gould has spent her life thinking about the intersection of retail and tech. She started out in Apple Retail, and then moved on to Index Ventures where she worked on early stage investments. She then worked at PCCH International as the VP of Global Retail Strategy, working with companies and hardware makers to develop, manufacture, package and distribute products.

But throughout her career, Gould has always seen a hole in the consumer electronics retail space.

“The interesting thing about consumer electronics is that you have these brands — Apple stores, Microsoft stores, Samsung stores &mdash that sell a very limited number of products,” said Gould. “And then you have big box retailers like Best Buy. No one is doing an interesting lifestyle business within consumer electronics.”

That’s where Soda Says comes in.

Soda Says is an ecommerce marketplace focused on lifestyle gadgets, such as the Elvie Smart Breast Pump and the Gingko Edge alarm clock.

The company curates useful, aesthetically pleasing gadgets and puts them in categories like Accessories, Wellness, Lifestyle and Kids, with a specific aim to help small hardware companies grow.

Today, Soda Says launches in the United States with a new vertical: women’s sex tech.

As it stands now, there isn’t really a retail experience that makes sense for women’s sex tech. Customers either have to wander into a sex toy store or go for a little internet adventure. But Soda Says is taking an offline approach to this online business, partnering with department stores like Nieman Marcus and Nordstrom to offer pop-up experiences where shoppers already are.

The Sex Tech collection includes products from brands such as Dame, MysteryVibe, and Le Wand.

Soda Says operates on a hybrid model, sometimes buying inventory of products for resale and other times simply listing the product on the website.

The company has raised a total of $2.5 million from lead investor UK-based LocalGlobe, with participation from investors including ADV, and founder and CEO of PCH International Liam Casey, among others.



from Startups – TechCrunch https://tcrn.ch/2XekFmf

Comments

Popular posts from this blog

Axeleo Capital raises $51 million fund

Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale , while the fund is called Axeleo Capital . And it’s important to mention both parts of the business as they work hand in hand. Axeleo picks up around 10 startups per year and help them reach the Series A stage. If they’re doing well over the 12 to 18 months of the program, Axeleo funds those startups using its VC fund. Limited partners behind the company’s first fund include Bpifrance through the French Tech Accélération program, the Auvergne-Rhône-Alpes region, Vinci Energies, Crédit Agricole, BNP Paribas, Caisse d’Épargne Rhône-Alpes as well as various business angels and family offices. The firm is also partnering with Hi Inov, the holding company of the Dentressangle family. Axeleo will take care of the early stage in...

TikTok’s rivals in India struggle to cash in on its ban

For years, India has served as the largest open battleground for Silicon Valley and Chinese firms searching for their next billion users. With more than 400 million WhatsApp users , India is already the largest market for the Facebook-owned service. The social juggernaut’s big blue app also reaches more than 300 million users in the country. Google is estimated to reach just as many users in India, with YouTube closely rivaling WhatsApp for the most popular smartphone app in the country. Several major giants from China, like Alibaba and Tencent (which a decade ago shut doors for most foreign firms), also count India as their largest overseas market. At its peak, Alibaba’s UC Web gave Google’s Chrome a run for its money. And then there is TikTok, which also identified India as its biggest market outside of China . Though the aggressive arrival of foreign firms in India helped accelerate the growth of the local ecosystem, their capital and expertise also created a level of competit...