KNAPP will develop an in-store eGrocery channel for Takeoff Technologies as part of a joint agreement to provide automated micro-fulfilment technology and robotics services.

KNAPP is an automated warehouse and logistics solutions provider, while Takeoff is a start-up focused on the development of micro-fulfilment solutions.

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"Tay Two intends to invest the funds in its stores."

Both companies involved in the deal are based in the US.

Tay Two has announced its plans to raise JPY100m ($0.92m) by issuing 1.8 million shares priced at JPY55 ($0.5) in a private placement to YAK Corporation.

Tay Two is a Japanese retailer of books, games and compact discs, whereas YAK is a Russia-based aircraft designer and manufacturer.

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Tay Two intends to invest the funds in its stores.

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