YouTube shutting down Indian social commerce app Simsim
YouTube is shutting down its live social commerce app, Simsim, less than two years after acquiring the Indian startup. However, the video platform insisted that it is committed to building “a se
Embracing digital commerce may be retailers’ best bet for staying ahead of a fast-moving industry
It’s time to take a look at where the digital commerce industry is headed, who the dominant players will be, what the challenges to adoption are and what brands will have to do to keep up.
Social commerce startup Kapu, by ex-Jumia executive, comes out of stealth with $8M funding
Kapu, a social commerce startup coming out of stealth today having raised $8 million seed funding, is hoping to help lessen the burden of buying food for Kenyan consumers, many of whom are grappling w
Thailand’s Beam simplifies checkout for social commerce
The social commerce market is already worth more than $13 billion in Southeast Asia, but the checkout process is filled with friction. Many sellers don’t have online storefronts and instead use soci
Social commerce startup Elenas secures $20M to help more LatAm women sell online
In the past year, over 100,000 women in Colombia and Mexico have sold 2 million orders and earned millions of dollars on Elenas' platform.
Whatnot’s valuation doubles to $3.7B as livestream shopping gains popularity in US
Whatnot plans roll out additional categories for collectors, including diecast cars, stamps and action figures.
KitaBeli is bringing e-commerce to Indonesia’s small cities
Complicated supply chains mean that consumers in Tier 1 and Tier 2 Indonesian cities often end up paying more for goods than their peers in large cities, like Jakarta. KitaBeli is on a mission to chan
Tiger Global backs SaaS omnichannel social commerce platform SleekFlow in $8M funding
Social commerce — the process of buying and selling products or services directly through social media platforms like Facebook, Instagram and TikTok — is becoming the most natural way for consumer
Shopify breaks out of the website with 100+ new features including NFTs, local shopping and more
Shopify made a name for itself in its early days with a platform for providing retailers keen to establish their own online shops an easy and quick way to build and run those services on their own web
Indonesian hyperlocal social commerce app Super gets $70M led by NEA
Super, the Indonesian social commerce startup focused on small towns and rural areas, announced today it has raised an oversubscribed $70 million Series C. The round was led by NEA with participation
Pinterest addresses the TikTok threat in its first quarter earnings
Pinterest may have beat on revenue and earnings in the first quarter, but the company is not out of the woods yet when it comes to carving out a place for its service in today’s competitive land
Amazon acquires India’s GlowRoad in social commerce push
Amazon may be attempting to take on Shopify in the west, but in India, it is gearing up to explore social commerce. Amazon has acquired the Indian social commerce startup GlowRoad in an all-cash deal
How social commerce is bridging Southeast Asia’s infrastructure gaps
Today social networks are more powerful than ever, and startups and corporations are innovating new commerce models that leverage the greater reach available to us.
Aemi eases the challenges of social commerce in Vietnam
Social commerce sellers can be as small as one person selling products to their followers on social media platforms like Instagram or Facebook. Many don’t have a web storefront and instead rely on p
Social commerce platform Tushop set for Kenya growth after raising $3 million pre-seed funding
Tushop, a social-commerce platform in Kenya that enables the group buying of fast-moving consumer goods (FMCGs), is set for expansion across Nairobi after raising $3 million in pre-seed funding in a r
Blidz raises $6.6M to expand its Pinduoduo-inspired social shopping app
Gamification and social hooks have become cornerstones across every category of consumer apps these days, and today one that’s using these to build out a new e-commerce platform in Europe is ann
Zapt is now Trela; aims to remove the middleman from group food shopping
The inspiration for Brazil-based Trela came from a person buying food for their neighbors directly from suppliers rather than the grocery store.
Opaper takes the friction out of social commerce
While working her way through grad school, Opaper founder Joan McIntosh ran an online bakery. “I would wake up at 3 a.m., 4 a.m., go to a commercial kitchen and go door to door, delivering food or p
Indian social commerce DealShare bags $45 million from ADIA, eyes international expansion
Abu Dhabi Investment Authority is backing the Indian social commerce startup DealShare, the two said Thursday, joining a roster of marquee investors doubling down on India’s fast-growing e-commerce
Voila raises $6M for its AI-powered storefronts for online creators
Voila, a startup building infrastructure for social commerce, is bringing concepts from China’s e-commerce market to the U.S. The company offers an alternative to the “link in bio” s