Exploring Toronto’s Emerging Retail Startups Making Waves in Canada

January 29, 2024
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As the epicenter of Canadian commerce, Toronto is perfectly poised to foster rapid growth, innovation, and technological advances in the retail sector. The city’s vibrant start-up scene has produced a wealth of companies transforming retail with cutting-edge technology and innovative business models. Since the start of 2020, numerous start-ups have emerged to reshape the future of retail in Canada, leveraging AI, big data, e-commerce, machine learning and much more to offer game-changing solutions to retail-related challenges. Here are some exceptional Toronto-based start-ups founded in 2020 and beyond that are making their mark in the retail industry.

No two start-ups are the same, but what they all share is a dedication to improving the retail industry through innovative means — be it through big data and analytics, artificial intelligence (AI), e-commerce, or any other means. Many of these start-ups were formed in response to a single, crucial event: the COVID-19 pandemic. They saw their inception during a year of unprecedented difficulty for the retail industry, which makes their successes to date all the more commendable.

While the trials of navigating a global pandemic have been immense, these companies have demonstrated remarkable resilience and innovation in the face of adversity. They have not only survived but thrived, setting the stage for a bright future for retail in Canada. Now, without further ado, let’s delve into the details of these remarkable Toronto-based retail start-ups.

NowVertical Group

NowVertical Group, founded by Daren Trousdell, is a big data and analytics company, focusing on securing and mobilizing data. Their VI solutions are predictive and drive automation specific to each high-value industry vertical. Follow them on Twitter and on LinkedIn for updates.

Peekage

Founded by Milad Zabihi and Sina Roshan, Peekage is a personalized product sampling platform that sorts shoppers based on their preferred attributes. Their platform offers unmatched market visibility and intelligence. Find them on Twitter and LinkedIn.

HUEX Labs

With founders Anik Seth, Jiping Sun, Kiran Kadekoppa at its helm, HUEX Labs is building AiDA, a voice-enabled digital assistant aimed to improve the customer experience. Connect with them through their LinkedIn.

Erdos Ventures

Erdos focuses on acquiring and operating valuable niche e-commerce brands using technology. Stay up-to-date with their plans through their LinkedIn.

Model Living

Model Living is a home renovation company, specializing in kitchen cabinetry, founded by Jeff Ralphs and Luciano D’Angelo. Connect with them on LinkedIn.

Rewardly

Rewardly, founded by Harsh Pujara, is a unique social cashback marketplace app that enhances and automates small and medium-sized businesses’ loyalty, advertising, and engagement. Join them on Twitter, Facebook, and LinkedIn.

Shomigo

Shomigo founded by Alykhan Kara, is a social shopping platform that provides users with the latest fashion trends and allows for community interaction. You can follow them on Facebook and LinkedIn.

Nishe

Founded by Aaron Adams, Nicole Royer, Richard D’Souza,
Nishe is a retail industry player in the e-commerce sector. Learn more about them through their LinkedIn.

SIDIA

SIDIA offers a range of consumer goods as a creative lifestyle brand. Follow them on Facebook and LinkedIn.

Taliup

Founded by Adam Mouyal, Taliup is a hotel and retail technology startup specialising in payments. Follow them on Twitter, Facebook, and LinkedIn.

Ameni Service & Technology Inc

Offering pet boarding services and more, Ameni Service & Technology Inc. makes pet care safe, easy, and affordable.

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