Jeffs’ Brands Ltd, a data-driven e-commerce company operating on the Amazon Marketplace, has announced that it has entered into a non-binding letter of intent to acquire a majority controlling interest in B24Chat, an AI marketing platform specializing in enterprise-level omnichannel and conversational automation management. The acquisition is part of Jeffs’ Brands’ commitment to leveraging advanced technologies to enhance its in-house marketing and service capabilities and drive revenue growth.
By acquiring B24Chat, Jeffs’ Brands will strategically enter the AI domain, complementing its existing suite of businesses. B24Chat offers an AI-based customer service platform that allows companies to streamline their customer interactions across various platforms. It provides an omnichannel and conversational automation management solution, enabling companies to build and operate their own branded, sales-focused websites and easy-to-use iOS & Android apps. B24Chat’s smart bots can gather information about products and services, update news about the company and the market, and even learn on their own to prepare for conversations with clients.
Under the terms of the letter of intent, Jeffs’ Brands will establish a new company, called NewCo, and invest $1,000,000, with $500,000 paid in cash and $500,000 paid in newly-issued ordinary shares of Jeffs’ Brands. In exchange, Jeffs’ Brands will receive a 50.01% fully diluted share capital of NewCo, while the founder of B24Chat will receive a 49.99% fully diluted share capital.
Viki Hakmon, the CEO of Jeffs’ Brands, expressed excitement about the potential transaction, stating that it aligns with the company’s vision to stay at the forefront of technology and service. Hakmon emphasized the importance of AI in shaping the future of business communications and highlighted the company’s commitment to enhancing customer engagement through technology innovation.
Jeffs’ Brands is a transformative force in the e-commerce industry, creating and acquiring products to turn them into market leaders. With a focus on the Amazon FBA business model, the company combines human capability and advanced technology to unlock the untapped growth potential of its products.
Note: This article has been generated using artificial intelligence and may contain inaccuracies or errors.
