Shopic transforms standard grocery carts into smart carts using a clip-on device that employs computer vision for real-time product detection and on-cart checkout. This technology eliminates traditional checkout lines, enhancing the shopping experience while providing retailers with actionable data on customer behavior and inventory management.
Funding
$56.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional grocery checkout processes lead to long lines and time-consuming manual scanning, creating friction for shoppers and operational inefficiencies for retailers. Existing self-checkout systems can be cumbersome and prone to errors, leading to customer frustration and potential losses from unscanned items.
Solution
Shopic offers a smart shopping cart solution that transforms existing grocery carts into intelligent retail platforms using a clip-on device. The device leverages computer vision and AI to automatically recognize items as they are placed in the cart, eliminating the need for manual scanning and traditional checkout lines. This enables a seamless, cashierless shopping experience where customers can view a real-time total, receive personalized promotions, and complete purchases directly from the cart. The platform also provides retailers with valuable data and analytics on shopper behavior, inventory management, and store operations, enabling them to optimize store layout, personalize promotions, and reduce shrinkage.
Target Audience
Shopic targets grocery retailers and supermarket chains looking to enhance the shopper experience, improve operational efficiency, and gain actionable insights into customer behavior.
Features
- Clip-on device compatible with existing shopping carts for rapid deployment
- Real-time product recognition using advanced computer vision and AI algorithms, achieving over 95% accuracy
- On-cart checkout functionality, allowing shoppers to skip traditional checkout lines
- Integrated retail media platform for delivering targeted promotions and advertisements to shoppers in real time
- Store analytics dashboard providing insights into shopper behavior, aisle traffic, and planogram compliance
- Loss prevention features to detect scan errors and reduce shrinkage
- Digital shopping lists and recipe suggestions based on customer data
- Integration with electronic shelf labels (ESLs) for dynamic pricing and product information updates
- Detachable design allowing shoppers to roll the cart to the parking area