Optoro provides a SaaS returns management platform for retailers and e-commerce. It uses machine learning to decide the best disposition for returned items and routes them to restock, resale on secondary marketplaces, or recycling, through a branded portal, integrations with existing systems, APIs, and a network of over 1,000 drop-off locations. It stands out by offering end-to-end processing, a nationwide logistics network, programmatic routing, and deep integrations, rather than partial solutions. Its goal is to help retailers recover margins, speed up processing, reduce waste, and improve customer experience through reuse and recycling of returned products.
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Industries
Company Size
51-200
Company Stage
Series E
Total Funding
$292.9M
Headquarters
Washington DC, District of Columbia
Founded
2010
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Total Funding
$292.9M
Meets
Industry Average
Funded Over
9 Rounds
Industry standards
Blue Yonder buys Optoro to expand returns processing.
Product returns create friction for consumers, negatively impact profit margins for companies, and result in significant inefficiencies in inventory utilizat...
This consolidated solution integrates Optoro's advanced processing technologies with Blue Yonder's existing suite of returns initiation, decisioning, and kiosk tools.
Blue Yonder, a global leader in digital supply chain transformation, has announced its acquisition of Optoro. This move aims to enhance Blue Yonder's return management solutions, addressing challenges such as consumer dissatisfaction, reduced company margins, and inefficiencies in stock utilization across the supply chain.
"Supply Chain Digital is excited to acquire Optoro to enrich the capabilities available to its customers, allowing them to enhance their ability to manage returns with increased efficiency and effectiveness to meet the needs of consumers.
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Industries
Company Size
51-200
Company Stage
Series E
Total Funding
$292.9M
Headquarters
Washington DC, District of Columbia
Founded
2010
Find jobs on Simplify and start your career today