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Amazon Japan raided by anti-monopoly authorities
<p>Amazon Japan has said it will collaborate with Japan Fair Trade Commission (JFTC) after the watchdog conducted an on-site inspection related to suspected violations of anti-monopoly laws. The e-commerce giant is under suspicion of inappropriately urging vendors to lower their prices on its online shopping platform in return for better product placement, as first reported […]</p>
Rahul Patil
Nov 26, 20243 min read
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Entrepreneur Marc Lore on ‘founder mode,’ bad hires, and why avoiding risk is deadly
<p>Entrepreneur Marc Lore has already sold two companies for billions of dollars, collectively. Now he plans to take his food delivery and take-out business Wonder public in a couple of years at an ambitious $40 billion valuation. We talked with Lore in person in New York recently about Wonder and its ultimate aim of making […]</p>
Rahul Patil
Nov 24, 20245 min read
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Zepto raises another $350M amid retail upheaval in India
<p>Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals, and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal […]</p>
Rahul Patil
Nov 21, 20243 min read
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India’s Arzooo, once valued at $310M, sells in distressed deal
<p>Arzooo, an Indian startup that sought to bring “the best of e-commerce” to physical stores, has sold its assets in a distressed sale to Moksha Group. The deal comes after Arzooo engaged with several startups, including Bengaluru-headquartered Udaan, exploring potential merger opportunities, according to people familiar with the matter. Arzooo provided a digital bridge to […]</p>
Rahul Patil
Nov 21, 20241 min read
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DoorDash’s app can now import your grocery list for faster shopping
<p>While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app. The app will then suggest what to […]</p>
Rahul Patil
Nov 18, 20242 min read
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DoorDash’s app can now import your grocery list for faster shopping
<p>While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app. The app will then suggest what to […]</p>
Rahul Patil
Nov 18, 20242 min read
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Perplexity introduces a shopping feature for Pro users in the US
<p>AI-powered search engine Perplexity is venturing into e-commerce. On Monday, the company debuted a new shopping feature for its paid customers in the U.S. which offers shopping recommendations within Perplexity’s search results as well as the ability to place an order without going to a retailer’s website. With the move, Perplexity is taking on Google […]</p>
Rahul Patil
Nov 18, 20243 min read
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Text marketing firm Blip secures backing from SoftBank, Microsoft
<p>Take Blip, a conversational marketing platform, has raised $60 million in funding from SoftBank and Microsoft.</p>
Rahul Patil
Nov 18, 20243 min read
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Amazon takes on Temu and Shein with discount ‘Amazon Haul’ store
<p>Amazon has rolled out its answer to the discounted, low-cost storefronts of Temu and Shein. The Amazon Haul store, currently available on the mobile app or mobile web browser exclusively, offers similar mass-produced, discounted items, most of which ship from China. It’s a departure from Amazon’s long-established reputation as a powerhouse of rapid delivery times […]</p>
Rahul Patil
Nov 13, 20243 min read
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Amazon takes on Temu and Shein with discount ‘Amazon Haul’ store
<p>Amazon has rolled out its answer to the discounted, low-cost storefronts of Temu and Shein. The Amazon Haul store, currently available on the mobile app or mobile web browser exclusively, offers similar mass-produced, discounted items, most of which ship from China. It’s a departure from Amazon’s long-established reputation as a powerhouse of rapid delivery times […]</p>
Rahul Patil
Nov 13, 20243 min read
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Patreon gets gift subscriptions in time for the holidays
<p>Creator subscription platform Patreon is making it a bit easier for fans to support their favorite creators this holiday season. The creator membership platform announced on Wednesday that it will roll out gift subscriptions, as well as functionality for creators to offer discounts for membership sign-ups. The gift subscription feature had previously been in testing […]</p>
Rahul Patil
Nov 13, 20242 min read
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Patreon gets gift subscriptions in time for the holidays
<p>Creator subscription platform Patreon is making it a bit easier for fans to support their favorite creators this holiday season. The creator membership platform announced on Wednesday that it will roll out gift subscriptions, as well as functionality for creators to offer discounts for membership sign-ups. The gift subscription feature had previously been in testing […]</p>
Rahul Patil
Nov 13, 20242 min read
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Just Eat Takeaway finally offloads Grubhub, sells to Wonder for $650M
<p>Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million — a stark 91% less than the $7.3 billion Just Eat Takeaway paid for the company just four years ago. The deal is expected to close in […]</p>
Rahul Patil
Nov 13, 20242 min read
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India’s Swiggy defies weak market in largest 2024 tech IPO globally
<p>Shares of Swiggy surged 7% to ₹440 on Wednesday as the food-delivery and quick-commerce startup concluded India’s second-largest IPO this year. </p>
Rahul Patil
Nov 13, 20243 min read
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Fleek, a marketplace for wholesale secondhand clothes, sews up $20.4M
<p>Fleek, an online marketplace that connects second-hand clothing wholesalers with those who sell it at retail, has raised a $20.4 million Series A.</p>
Rahul Patil
Nov 12, 20245 min read
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Fleek, a marketplace for wholesale secondhand clothes, sews up $20.4M
<p>Fleek, an online marketplace that connects second-hand clothing wholesalers with those who sell it at retail, has raised a $20.4 million Series A.</p>
Rahul Patil
Nov 12, 20245 min read
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Lightspeed doubles down on Wheelocity as it pivots to rural India commerce
<p>Lightspeed has led Wheelocity’s $15 million round as the startup pivots to rural India commerce.</p>
Rahul Patil
Nov 11, 20243 min read
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Lightspeed doubles down on Wheelocity as it pivots to rural India commerce
<p>Lightspeed has led Wheelocity’s $15 million round as the startup pivots to rural India commerce.</p>
Rahul Patil
Nov 11, 20243 min read
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Swiggy’s public debut will test India’s appetite for $1B+ IPOs
<p>Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark. For its IPO, Swiggy has already secured $1.4 billion from institutional investors, […]</p>
Rahul Patil
Nov 11, 20244 min read
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Swiggy’s public debut will test India’s appetite for $1B+ IPOs
<p>Swiggy’s upcoming IPO on Wednesday will finally give many analysts a public comparable for what has been long considered to be the Indian internet stock: Zomato. It will also test the nation’s appetite for IPOs that can scale past the $1 billion mark. For its IPO, Swiggy has already secured $1.4 billion from institutional investors, […]</p>
Rahul Patil
Nov 11, 20244 min read
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