5 Ways AI Is Powering ReCommerce
There’s a booming marketplace for the resale of used and vintage goods. The confluence of…
Sid Lunawat is CEO and co-founder of Hammoq, a company that automates the reCommerce process for returned item resale and used goods. Using artificial intelligence and machine learning, Hammoq is leveraging technology to reimagine reCommerce by digitizing resale goods and automating the online marketplace process. In the face of an exploding recommerce market, where the fashion resale market alone is expected to reach $26 billion in 2022, Lunawat has taken his AI technology expertise to close the labor gap challenge which limits the product identification, valuation and marketplace listing process. Lunawat launched Hammoq following his founding of DataPure, a company that provides high-quality datasets for machine learning. He has also served as a product executive for The Boston Consulting Group’s BCG Digital Ventures, IBM and GE. Bilingual in English and Hindi, Lunawat holds a MBA from Duke University and a bachelor’s degree in industrial engineering from Georgia Institute of Technology.
There’s a booming marketplace for the resale of used and vintage goods. The confluence of…