Narvar has acquired India-based logistics platform provider GoPigeon for an undisclosed sum. The acquisition is designed to scale Narvar’s global growth, provide the company with an anchor in the Asia-Pacific e-Commerce market and enable worldwide operations support.
With the acquisition, Narvar seeks to advance its global platform development with additional engineering talent. Narvar will leverage the GoPigeon engineering team as part of its goal to scale more quickly and accelerate its machine learning capabilities. GoPigeon recently launched Intelligent Courier Allocation (ICA), an artificial intelligence system designed to help retailers optimize how they use their carrier networks based on customer needs in a given scenario.
Narvar already has grown significantly in 2017, tripling its revenue and adding more than 100 new customers including Chandon, The RealReal and TUMI. The company’s investment in product development, targeted at emerging consumer channels including AI-powered chatbots, has helped stimulate this growth. Narvar powers bots on Facebook Messenger for 370 retailers that have facilitated 3.8 million incremental brand interactions within months of launch.
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