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Agilis Chemicals’ Online Growth, Prime Day Sales Results, and Robert Bosch Invests $5M in Xometry

Agilis Chemicals’ Online Marketplace Growth

Agilis Chemicals is changing the chemicals industry landscape. In an interview with B2BecNews, CEO Jay Bhatia outlined how Agilis leverages data and how the company plans to grow. Agilis is a commerce platform developed as an online marketplace for chemical producers and distributors, and since launching 2017, has grown to support 50 suppliers and 400 end-use customers. Agilis provides cloud-based software where its clients can operate their own branded marketplace. Through these marketplaces, Agilis is able to grow its database of chemical industry sales data, which can help sellers come to terms of sales. “That’s the missing piece now in the industry,” says Bhatia. “No one has been capturing data.” Now established in America, Bhatia next plans to expand Agilis to Europe.

What stood out to us?

Stores that collect data. Hmmm.


Amazon Prime Day Sales Crossed $7B

Amazon just had its biggest Prime Day yet. The annual sales event for Amazon Prime members, held July 15 and 16, was the biggest sales event in the company’s history, even surpassing past Black Friday and Cyber Monday sales. Internet Retailer estimates that Prime Day sales hit $7.16 billion globally over the 48-hour period, a 71% increase from the $4.19 billion sold during the event last year. These sales translate to more than 175 million products during 2019 Prime Day, 75 million more than 2018. The top-selling products were Amazon’s own Echo Dot and Fire TV Sticks, which were also the best sellers  of the year prior thanks to the steep discounts the company puts on its own products.

What stood out to us?

$7.16 billion globally. Cha-ching.


Robert Bosch Invests $5M in Xometry

Robert Bosch Venture Capital sees potential in Xometry Inc., and they’re not alone. Xometry is an online marketplace that provides on-demand, custom products for more than 3,000 manufacturers. Robert Bosch has recently invested $5 million in Xometry, joining the ranks of other investors including BMW AG and Dell Technologies. One of Xometry’s key differentiators exciting investors is its “Instant Quoting Engine,” a platform that analyzes computer-aided design product models uploaded to the company’s website that then provides an instant price quote from suppliers in addition to design feedback. “Global expansion is one of our key upcoming initiatives and we look forward to leveraging Bosch’s deep manufacturing,” says Randy Altschuler, co-founder and CEO of Xometry.


What stood out to us?

The commoditization of customization and the end of the sales engineer.


In the headlines

  • That’s a lot of Carrots: Chinese startup that connects vegetable farmers with restaurants Meicai is seeking $500M in funding.
  • The Walmart Shuffle: Walmart  supply chain and ecommerce executives to further integrate retail and digital strategy.
  • Beautiful Commerce: Beauty e-retailer Kopari Beauty raised $20M in funding and is focusing on its ecommerce platform.
  • Gr8 Expectations: Retail-as-a-Service startup b8ta is helping brands with a new retail and online presence, including Toys “R” Us.

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