Company Overview
Snapshot
Founded in October 2015 by Richard Demb and Jon Polin, StorePower operates with 1–10 employees. The company has raised $2.25M across two funding rounds. In March 2016, StorePower secured a seed funding round from OurCrowd.
Business overview
StorePower Inc. provides a white-label eCommerce software solution designed to help grocery stores retain customers. The company offers an online supermarket platform that enables clients to manage various aspects of their operations, including item selection, packing, payment processing, click-and-collect services, and delivery. StorePower operates within the Business Software sector, focusing on platforms and interfaces, specifically targeting the commerce and retail industry, with a strong emphasis on eCommerce platforms and supermarkets.
Strategic signal
In January 2017, StorePower was highlighted by TechCrunch for its approach to enabling grocery stores to offer delivery services akin to Instacart, but without requiring them to cede control over their customer relationships. This signals StorePower's strategic positioning as a technology provider empowering traditional retailers to compete in the evolving online grocery market, offering a white-label solution that maintains brand autonomy for its clients.
Log in to access full profile ›Company Intelligence Q&A
- When was StorePower founded?
- StorePower was founded in October 2015.
- Who are the founders of StorePower?
- The co-founders of StorePower are Richard Demb and Jon Polin.
- What is StorePower's primary business activity?
- StorePower provides a white-label eCommerce software solution for grocery stores, enabling them to manage online sales, packing, payment, and delivery services.
- What was a significant early funding event for StorePower?
- In March 2016, StorePower secured seed funding from OurCrowd.
- What was a notable news mention for StorePower?
- In January 2017, TechCrunch reported on StorePower's platform, noting its ability to help grocery stores offer delivery services similar to Instacart while retaining control over their operations.