1. Startups

ReturnKey Reportedly Booked Series A Funding from Argor, Vertex, and Gharage

ReturnKey developed a "Return Management System" platform to manage the process of returning goods in online retail businesses

Returns management platform developer startup ReturnKey is reported to have received series A funding from Argor (Go-Ventures), Vertex Ventures, and Gharage. According to data that has been input to the regulator, as quoted by Alternative.pe, the value reached $9,7 million or the equivalent of IDR 157 billion.

Quoting from the same data source, previously ReturnKey also recorded initial funding (seed) in mid-2022 for $3,7 million from a number of investors, including Vertex, D Global Ventures, Genesis Alternative Ventures, and several others.

This Jakarta-based startup was founded in 2020 by two people co-founder: Dalton Fouts (CEO) and Will Henry (CTO).

Return Management System (RMS) Services

Utilizing a returns management system efficiently is an important factor for increasing customer loyalty and satisfaction. Lots of business online currently still managing returns manually which is time consuming and inefficient. From point bread Currently, RMS is considered relevant to help businesses.

In general, ReturnKey is a platform used to manage customer returns, complaints and claims. The platform offers work process automation to avoid costly customer management issues and reduce complexity related to delivery notes. ReturnKey can be integrated with e-platformstrade,  omnichannel, CRM systems, as well as logistics and transportation systems.

More Coverage:

After integration with the e-platformtrade, customers can register their returns via the ReturnKey menu embedded on the site/app, then select one or more items to return. The shop will receive all information directly real-time and can process it.

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