Glimpse secures $10 million in Series A funding led by 8VC to enhance deduction management for CPG brands through its AI-powered retail operations platform.

Target Information

Glimpse, a rapidly growing startup, is transforming retail operations with its AI-powered platform designed specifically for Consumer Packaged Goods (CPG) brands. By focusing on automated deductions management, Glimpse aims to enhance the efficiency and profitability of CPG companies, particularly those small to mid-sized brands that historically face challenges in navigating complex supply chain deductions. With the ability to consolidate data from multiple sources, Glimpse promises a streamlined approach to deduction disputes, thereby improving revenue recovery for its clients.

Industry Overview

The grocery industry continues to grapple with persistent inflation and rising food prices, despite a general cooling of headline inflation rates. Post-COVID, consumers have increasingly turned their focus to grocery expenses, which remain elevated, leading to widespread perceptions of price gouging. As a low-margin sector, grocery chains face immense pressure to manage costs while meeting consumer demands.

The grocery supply chain is characterized by numerous inefficiencies and cost burdens, primarily stemming from the reliance on distributors. Major distributors like KeHe and UNFI control signifi