Commerce

Shein to face EU’s strictest rules for online marketplaces

Ultra-fast fashion e-commerce giant Shein will be subject to an additional layer of governance rules targeted at very large online platforms (VLOPs) under the European Union’s Digital Services A

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’

Amazon launches a new grocery delivery subscription in the US

Amazon said Tuesday that it has launched a new unlimited grocery delivery subscription for Prime members and customers with an EBT card (Electronic Benefit Transfer) in the U.S. if you’re living

Here’s a lab-grown diamond startup that’s attracted a16z’s attention

Throughout hip-hop’s long history, jewelry has served as an important vehicle for artists to convey their ideas and affluence, or simply to dazzle onlookers. Diamonds, in particular, serve as an

TikTok Shop expands its secondhand luxury fashion offering to the UK

TikTok Shop, TikTok’s social commerce marketplace, is launching a secondhand luxury category in the U.K., putting it in closer competition with The RealReal, Vestiaire Collective, Depop, Poshmark, a

MarketForce winds down its B2B e-commerce arm

Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mom-and-pop stores) after a turbulent two-year period that saw it scale down opera

Live selling startup CommentSold uses AI to generate shoppable, social-ready clips

The “AI ClipHero” feature creates short clips from livestreamed selling events, which often last for hours.

B2B marketplace The Folklore bags $3.4M seed to get brands into global stores

Amira Rasool founded The Folklore in 2018 to help fashion brands from emerging markets like Africa, Asia and The Caribbean tap into the international market. In 2022, the startup introduced The Folklo

Flatpay rings up $47M to target smaller merchants with simple payment solutions

Flatpay plans to use the money to expand into new markets in Europe and to build out more products alongside the point-of-sale and card terminals that it sells today.

Consumer tech investing is still hot for Maven Ventures, securing $60M for Fund IV

Overall, 16% of Maven’s portfolio companies have reached a minimum $500 million exit or valuation, which is 10x industry average, the firm said.

Big Tech’s ad transparency tools are still woeful, Mozilla research report finds

"We feel there are major gaps between the spirit of the EU regulation and these repositories in practice," the report authors write.

eBay enters trading card commercial agreement with Collectors, acquires Goldin

As eBay continues to invest in the trading card space, the e-commerce company announced Wednesday three significant commercial transactions with Collectors, the parent company of PSA (Professional Spo

Turkish startup ikas attracts $20M for its e-commerce platform designed for small businesses

E-commerce's field remains vast and fertile, and further evidence of this has surfaced in the form of one of the largest fundraises by a startup in Turkey.

eBay adds an AI-powered ‘shop the look’ feature to its iOS app

eBay on Tuesday launched a new generative AI-powered feature to appeal to fashion enthusiasts: a “shop the look” section within its iOS mobile app that will suggest a carousel of images an

YouTube launches new Shopping features to help creators market products and grow their earnings

The launch of the new features come as TikTok Shop is seeking to take on YouTube Shopping and other competitors in the space.

Amazon takes on India rivals with Bazaar, a low-cost fashion store

Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products, as it ramps up efforts against Walmart-owned Flipkar

US and EU commit to links aimed at boosting AI safety and risk research

The European Union and United States put out a joint statement Friday affirming a desire to increase cooperation over artificial intelligence. The agreement covers AI safety and governance, but also,

India’s Zepto zooms to $1.2B in annualized sales in 29 months, Goldman says

Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing Zepto management. Zepto

SaaS startup SingleInterface raises $30M to help more businesses get online

SingleInterface, a SaaS startup offering tools to offline businesses to grow their revenues by leveraging the web, has raised $30 million in its maiden external fundraising round as the Singaporean st

Thrive Market’s Nick Green talks building a billion-dollar grocery company

Nick Green, one of the company's co-founders, stopped by Found to chat about his company and the market's evolution since he first launched it.
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