eCommerce

  • Nestlé leads $77M round for healthy meal startup Freshly

    Nestlé leads $77M round for healthy meal startup Freshly

    Freshly has raised a big funding round from a big name — the U.S. division of food and beverage giant Nestlé. Co-founder and CEO Michael Wystrach has pitched the startup as a way to get healthy, on-demand meals. That doesn’t mean you order from Freshly every time you want to eat — instead, you get one delivery  of all your meals for the week. Then, when you’re hungry… Read More

  • Klarna gets a full banking license, gears up to go beyond financing payments

    Klarna gets a full banking license, gears up to go beyond financing payments

    After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 billion, is stepping up its game. Klarna has announced that it has picked up a full banking license from Finansinspektionen, the Swedish Financial Supervisory Authority. The license will give… Read More

  • Amazon, now a physical retailer too, is granted an anti-showrooming patent

    Amazon, now a physical retailer too, is granted an anti-showrooming patent

    Amazon was recently granted a patent that could be used to prevent brick-and-mortar retailers from leveraging technology in their stores that could stop shoppers from comparing prices of in-store products to those online. Yes, it appears that a new patent that could prevent the practice of “showrooming,” is now, hilariously, in the hands of Amazon – the very company that… Read More

  • Amazon wants to become Walmart before Walmart can become Amazon

    Amazon wants to become Walmart before Walmart can become Amazon

    The future of retail will be a combination of both online e-commerce and a brick-and-mortar retail presence – as recent moves from both Walmart and Amazon have shown, including today’s back-to-back announcements from the two rivals, which sees Amazon buying a chain of popular grocery stores with a Whole Foods deal for $13.7 billion, and Walmart picking up yet another online… Read More

  • Other grocery stocks plummet as Amazon buys Whole Foods for $13.7B

    Other grocery stocks plummet as Amazon buys Whole Foods for $13.7B

    Amazon scared investors away from competing grocery stores today when it acquired Whole Foods for $13.7 billion. Wal-Mart, Target, Costco, Kroger, and more all saw their share prices sink dramatically. Amazon’s ecommerce empire, sophisticated trucking distribution network, advanced technology, and deep pockets could all help Whole Foods run circles around its old-fashioned rivals. As… Read More

  • Walmart to buy Bonobos for $310M as it doubles down on fashion

    Walmart to buy Bonobos for $310M as it doubles down on fashion

    Walmart today doubled down on its efforts to continue building out a online retail fashion business in its bid to outpace Amazon in the wider world of commerce and specifically e-commerce. Today it announced that it would acquire menswear site Bonobos for $310 million in cash. The deal is part of a bigger strategy at Walmart, the world’s largest physical retailer, to grow its… Read More

  • Patreon launches Snapchat clone just for creators’ paid subscribers

    Patreon launches Snapchat clone just for creators’ paid subscribers

    Ads aren’t enough to support professional online content makers. So Patreon is equipping them with new ways to organize, measure, and entertain fans who use its platform to pay them a monthly subscription fee for special access. With 1 million patrons paying an average of $12 per month to 50,000 creators, Patreon is on track to send musicians, comedians, journalists, videographers, and… Read More

  • Inturn raises $22.5 million to help you buy clothes at a discount

    Inturn raises $22.5 million to help you buy clothes at a discount

    Managing inventory is one of the most challenging parts of running a retail business. It’s not easy to predict exactly how popular each item will be. That’s why retailers often offload their unsold clothing and products to other businesses. Some of these designs find their way into”off-price” stores like T.J. Maxx or Ross, known for their perpetually low prices. Now… Read More

  • Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards

    Amazon launches Prime Reload, offering 2% back on purchases funded through debit cards

    Amazon today is launching a new perk for Prime members that will give them cash back on purchases – even if they’re not paying for items using an Amazon cashback credit card. Through a new rewards program called Amazon Prime Reload, Prime members can receive 2 percent back on purchases when they first load funds into their Amazon Balance using a debit card attached to their… Read More

  • Clutter raises $64 million to store what won’t fit in your closet

    Clutter raises $64 million to store what won’t fit in your closet

    If you heard venture investors were pouring tens of millions into storage, you might think it was cloud storage or flash storage. But that’s not the kind of storage we’re talking about with Clutter. The Los Angeles-based startup, which helps customers store their physical belongings like clothing and furniture, has closed a $64 million funding round from big name investors. The… Read More

  • Android Pay now used for international P2P transfers, courtesy of WorldRemit

    Android Pay now used for international P2P transfers, courtesy of WorldRemit

    AndroidPay, Google’s wallet for Android devices, is getting a boost in its global profile and functionality today: WorldRemit, the $500 million remittance startup connected to around 120 million mobile money accounts globally, which lets residents in one country transfer money to family and friends in another, has announced that it will now let people make transfers using… Read More

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