Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Sberbank's Venture Fund Sponsors WiFi Startup
21.11.2013 22:13
Sberbank's Venture Fund Sponsors WiFi Startup
Photo Credit: http://www.nit.edu.in

 


      

SBT Venture Capital, Sberbank's venture capital fund, is set to support a Finnish startup that aims to track consumer flows with WiFi technologies, says Vedomosti.

      Walkbase is working on a tool that will use the signal from cell phones to monitor and study the movement patterns by people indoors.

      Sberbank is expected to provide €3 million, adds Vedomosti.

      Nokia’s former CEO Olli-Pekka Kallasvuo will participate in the investment round and join Walkbase’s advisory board. “Walkbase – solving a big problem at the intersection of connected shoppers, retail analytics and personalised shopping experience – is one of the most exciting early-stage companies I have encountered,” Kallasvuo said.

      According to the newspaper, Sberbank could apply the new system to monitoring traffic inside its branches.

      Walkbase's customer base in Russia include Riv Gosh and Henderson.

      Walkbase is currently evaluating opportunities to start additional pilots with a number of high street retail chains in the UK.

      "Even though online buying is steadily growing, 92% of retail sales still take place in physical stores," notes Tuomas Wuoti, CEO & Co-Founder of Walkbase. He continues: "The world of retail is about to enter into the next major disruption after going online. A prime advantage of online has been the ability to accurately measure buyer behaviour. In online stores, everything can be optimised in real time for the best possible shopping experience. Thanks to new technology, this ability is now spreading to offline retail. It’s taking place really fast and Walkbase is leading that disruption."

      Sberbank of Russia is the largest bank in Russia and CIS. The founder and principal shareholder is the Central Bank of Russia, which owns 50 percent of the Bank's authorized capital plus 1 voting share. The rest of the shares are held by international and domestic investors. The Bank's ordinary and preferred shares have been publicly traded in Russia since 1996, and the American Depositary Shares (ADS) were listed on the London Stock Exchange, admitted to trading in Frankfurt Stock Exchange and over the counter in the US.


      

 


      


      

 




Author: Mikhail Vesely

Tags: Sberbank Russian banks    

Next Previous


You might also find interesting:

Russian Exports in the Sphere of Services is Growing
17.10.2018
Russian Company Raises $ 15 Million from a Group of Investors
13.08.2019
Main Trends of the Russian Grocery Retail Trade
11.11.2018
Environmental Programs of the Russian Business
27.09.2018
Business Activity in the Areas of Production and Services Fell Below a Critical Level
11.07.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
easyJet   childhood in Russia  Russian tourism  VTB  Opochka  Bolshoe Toko  tours to Russia  religious tourism  Russian business  Space Aircraft  Russian Stage Directors  Russian economy  Moscow  hooliganism  Patriarshy Garden  Exhibitions in Moscow  Russian media  Saint Petersburg  Russian academy of sciences  Museum Of Arcade Machines  Apple  Russian regions  Belgorod Region  Old English Court  Ghost the Musical  Russian tourists  travel to Russia  Modern Art  Transaero  Russian oil companies  Uglich   Fire  Arkhangelsk region  Russian startups  Concerts in Moscow  Festivals in Moscow  Mercedes-Benz Fashion Week Russia  Russian airlines  Yuri Zhirkov  microbiology  Folk Arts  Woodwork  Balashov  Russian Cinema  Demi Lovato  Russian Internet  children  Peter Riess  St. Petersburg  Moscow monuments 


Travel Blogs
Top Traveling Sites