Upstream Commerce

Company Overview

Snapshot

Founded in September 2010 by Amos Peleg and Shai Geva, Upstream Commerce operates with 11–50 employees. The company raised $4.25 million across three funding rounds from three investors. In September 2018, Flipkart acquired Upstream Commerce.

Business overview

Upstream Commerce develops predictive and prescriptive analytics and competitive intelligence tools tailored for retailers. The company provides cloud-based, automated solutions for competitive pricing and product analytics, assisting businesses across over 15 retail categories in developing, implementing, and continuously enhancing their pricing, merchandising, promotion, and lifecycle management strategies. Its technology serves global retailers including Staples, Toys-R-Us, Shoebuy, Woodcraft, and eBags, operating within the Business Software sector, specifically e-Commerce Tools, with a focus on Commerce & Retail and Direct-to-consumer markets.

Strategic signal

The acquisition of Upstream Commerce by Flipkart in September 2018 signals a strategic move by a major e-commerce player to integrate advanced retail intelligence capabilities. This indicates the increasing importance of sophisticated pricing and product analytics in the competitive online retail landscape, suggesting that such technologies are becoming essential for market leaders to maintain an edge and optimize operations.

Company Intelligence Q&A

What was a significant corporate development for Upstream Commerce?

In September 2018, Upstream Commerce was acquired by Flipkart, a major e-commerce company.

When was Upstream Commerce founded and by whom?

Upstream Commerce was founded in September 2010 by Amos Peleg and Shai Geva.

What was Upstream Commerce's last disclosed funding round?

In December 2014, Upstream Commerce secured debt financing from Viola Credit.

Which company selected Upstream Commerce for retail intelligence solutions?

In September 2016, Lowe's Mexico selected Upstream Commerce for their analytics and price optimization solutions.

Which investors participated in Upstream Commerce's February 2013 funding round?

In February 2013, Upstream Commerce received funding from YL Ventures and Bright Capital.