Israeli ecommerce platform International-e On-line (Nasdaq: GLBE) has introduced the acquisition of Israeli startup ReturnGo to boost the post-purchase expertise of consumers. No monetary particulars in regards to the deal had been disclosed.
ReturnGo, which was based by CEO Aviad Raz, CTO Assi Abramovitz and Eyal Rosenthal, has developed an AI-based platform for effectively managing returns and exchanges of merchandise bought on ecommerce websites. The corporate has raised $11.3 million because it was based in 2020, based on “Startup Nation Finder.”
International-e offers expertise options for cross-border on-line commerce. In accordance with the corporate’s announcement, the acquisition of ReturnGo will improve options for automating return and trade processes for retailers utilizing International-e options, permitting them extra flexibility.
International-e president and cofounder Nir Debbi stated, “This acquisition will allow us to supply our retailers with a greater resolution to ship enhanced experiences, enhance satisfaction, and strengthen loyalty of their clients.”
Raz stated, “By becoming a member of forces with International-e, we’re amplifying our mission to make returns smarter, quicker, sustainable, and extra beneficial for retailers and customers alike. We’re happy with what we have constructed, and we’re much more excited for what comes subsequent.”
International-e’s share worth fell 0.2% on Wall Avenue on Thursday and an additional 5.2% on Friday to $31.42, giving a market cap of $5.3 billion. The Petah Tikva-based firm, managed by CEO and cofounder Amir Schlachet, held its IPO in 2021, at an organization valuation of $3.6 billion and at its peak its market cap was $11 billion.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on August 3, 2025.
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