Everything comes around. A decade after the Pets.com sock puppet became the symbol of overreaching Internet startups, Amazon-owned Quidsi is launching an online pets supply store today called Wag.com. But before you dismiss this as yet another sign of the bubble, consider how much things have changed in the past ten years.
People are now very used to shopping online, and if the price is right… → Read More
It’s been about four months since Amazon announced its plans to acquire of Quidsi, the parent company of Diapers.com and Soap.com, for $540 million. The deal has not yet closed, primarily due to an extended review by the FTC.
Amazon.com has just announced that it has reached an agreement to acquire Quidsi, which operates ecommerce sites Diapers.com, Soap.com and BeautyBar.com. The acquisition news first broke over the weekend by Fortune’s Dan Primack, who pegged the purchase price at $540 million.
Primack wasn’t that far off – Amazon says it will acquire all of the outstanding shares of Quidsi for approximately $500… → Read More
First shoes, now diapers. Amazon is reportedly about to announce on Monday the acquisition of Quidsi, the New Jersey-based ecommerce company behind Diapers.com, Soap.com, and, most recently, BeautyBar.com. Fortune’s Dan Primack, who broke the story from a maternity ward in Boston where his daughter was just born (no joke), puts the price of the all-cash deal at $540 million. A year ago, Amazon… → Read More
Although not yet live, German Diapers.com clone Windeln.de is reportedly about to launch with several million euros in the bank. Semi-publicly operated Hightech Gründerfonds and VC firm DN Capital (Shazam, Mister Spex) have invested a 7 figure sum in the startup. What’s more, Windeln.de has former Holtzbrinck Ventures Managing Director Konstantin Urban as part of its founding team.
As you can… → Read More
Drugstore.com, Alice.com and other online retailers of everyday essentials, a new challenger with a short, pretty dotcom name just hit the Web. The founders of Diapers.com this morning formally launched Soap.com, a new ecommerce site that enables people to buy household necessities, skin and hair care products and whatnot at competitive prices.
Marc Lore and Vinit Bharara have figured out a formula for selling low-margin goods online and shipping them overnight to customers. The two entrepreneurs have built Diapers.com into the largest seller of diapers and other baby products on the Web. Diapers.com is on track to bring in $300 million in revenues this year. Now the two are getting ready to launch a new e-commerce site, Soap.com.… → Read More
“This year we will sell half a billion diapers,” Marc Lore, the CEO of Diapers.com tells me. That is a hell of a lot of diapers. In fact Lore believes Diapers.com sells four times as many diapers as the next largest seller of nappies online, Amazon. In 2009, Diapers.com pulled in $182 million in revenues, up from $89 million in 2008, he says. And this year, Diapers.com is on a run rate to… → Read More
Ok, further proof that it’s looking like 1999 all over again. A huge financial meltdown is just around the corner, and front line venture capitalists are spending money on ecommerce sites. Except this time around it isn’t pet sites. This time, it’s diapers.