Dubai’s BulkWhiz raises multi-million Series A for its AI-driven bulk grocery ecommerce platform

“Founded in late 2016 (launched in 2017) by Amira Rashad who previously worked for Facebook and Yahoo (from their offices in Dubai) and Yusuf Saber who was the Data Science Lead at Careem, BulkWhiz enables consumers and small businesses buy groceries and household products in bulk through its mobile apps or web-based platform.”

Walmart marries AI and human intelligence for in-home grocery delivery

  • “Their data shows that 65% of a customer’s order will be a repeat basket, re-stocking things they buy regularly. “It shouldn’t take, every week, 30 to 40 minutes to build that basket,” says Aanan.
  • “Ninety percent precision confidence is very important in this mix for us to be really effective in terms of predictive basket,” says Aanan. “We don’t deploy the algorithm until it’s at least 90% confidence.”

Online Grocery Recommendations Are Lacking. 3 Young Entrepreneurs Have Created an AI-Powered Solution

Image credit: Courtesy of Halla

  • “Only about 3 percent of all food purchases are made through the internet, according to a report by Deutsche Bank
  • according to a 2017 Salesforce study, which said that recommendations drove 24 percent of orders and 26 percent of revenue.
  • Halla is an artificial intelligence-powered platform that leverages machine learning to provide food recommendations that actually make sense.”