💡 AI meets retail
Bright Minds Capital Partners has invested in NearSt, an AI-powered retail platform. The amount remains undisclosed. NearSt helps physical stores go digital by syncing local inventory with online platforms. Founder David Holme sees this as a game-changer. "NearSt is transforming the visibility of local businesses," he says. CEO Nick Brackenbury believes this will unlock retail’s full potential. The partnership aims to expand NearSt’s global reach.
🚀 Convenience stores win
NearSt recently launched a solution for UK convenience stores. It connects in-store inventory to Uber Eats, Deliveroo, and Just Eat. Brackenbury calls it a major step for convenience retail. "We’re giving small retailers the power of big chains," he says. NearSt’s system integrates with 150+ Point of Sale partners. The result? Faster order processing and a competitive last-mile advantage.
📈 Massive sales boost
Pricewatch Group, which operates Nisa, BP, and Morrisons Daily stores, was the first to test NearSt’s tech. The results? A 913% sales surge on delivery platforms in 11 weeks. Just Eat sales alone rose 233%. Failed orders dropped 37%, and menu management time was slashed by 59 hours monthly. General Manager Tom Buckley calls it "invaluable," saying it saved time and improved efficiency.
💰 Future of local retail
NearSt’s AI helps small retailers compete with supermarkets. Marketing Manager Claire Goddard praises the system: "It’s cost-effective and professional." With this investment, NearSt plans to expand globally. Bright Minds sees AI-driven retail as the future. As more retailers adopt digital-first strategies, NearSt is well-positioned for growth.
Will AI-powered inventory transform local retail?
