Shift scheduling solution provider Shyft raises €6.4 million
US start-up Shyft, whose digital labour optimisation solutions link up sales staff to optimise their deployment and scheduling, has recently raised €6.4 million in finance. Shyft was spawned by the Techstars incubator, and attracted the attention of US investment funds Ignition Partners and Madrona Venture Group, whose directors have now joined Shyft’s executive board.
Mobile solutions by Shyft have notably been adopted by the Gap Inc. group for its Gap Old Navy, Banana Republic and Athleta retail chains, and by other US retailers. The tools allow retailers to easily plug in any gaps in their sales team composition, by establishing chain-wide links between store managers and sales staff. The latter are then able to maximise their earnings, while the former avoid having to resort to more expensive temp work solutions.
Shyft isn’t the only company active in this field. For example, French company Andjaro, created through the Lafayette Plug&Play incubator, is already providing solutions to major retailers, to hotel groups like Accor and multinational utility company Engie. Another French company, Merito, won the Rookie of the Year prize at the latest Paris Retail Awards. Merito is a recruitment platform using AI tools to provide employee secondment and sharing solutions, especially in the fashion, luxury goods and cosmetics sector.
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