Category Startups

E-Commerce Investments Bounce Back Up After Slow-Ish 2016

Market research company CB Insights on the recent uptick in e-commerce investments: Deals to e-commerce startups increased for the first time since Q1’16, reaching 190 deals in the first quarter of 2017. Funding also increased last quarter, more than doubling the $2.3B seen in Q4’16. The top three deals in Q1’17 to Flipkart, Koubei, and […]

The Weird Eve Sleep IPO and the Mattresses Hype

Mattresses. Everyone needs to sleep on one. But the current mattresses hype is really something to behold. Now, UK’s Eve Sleep, not three years old, went public in good old New Economy fashion. Eve Sleep got £35 million on a valuation of £140 million. From the stock exchange prospectus (PDF): On 15 March 2017, an […]

Does Boxed Stand a Chance Against Amazon?

Boxed, “a mobile commerce company focused on delivering the big box club experience to mobile devices” according to Crunchbase, has recently been making headlines. Boxed is, next to Wish, one of the more promising e-commerce startups in the US. With a total of $132 million raised in 4 rounds since 2013, Boxed is still rather […]

The Top E-Commerce Startups Around The Globe

CB Insights’ new roundup of global, large e-commerce startups is just another instance where we can see how big the Chinese market is: Breaking down the top e-commerce companies featured in the map above, we can see that 36% of e-commerce companies with $100M+ in funding come from China, while 29% come from the US, […]

Chewy.com

The Biggest E-Commerce Acquisition Yet: PetSmart Buys Chewy.com ($880m Rev) for $3.35B

Pets. Who knew. Recode reported it first: PetSmart has made the biggest e-commerce acquisition in history, snatching up fast-growing pet product site Chewy.com for $3.35 billion, according to multiple sources familiar with the deal. The deal is a huge one by any standard — bigger than Walmart’s $3.3 billion deal for Jet.com last year — […]

Coupang

South Korea’s Largest E-Commerce Platform Coupang Is About to Go Public

BusinessKorea on Coupang’s impending IPO: Much attention is now paid to whether Coupang, the largest e-commerce platform in South Korea, will be listed on the KOSDAQ as the first Korean version of Tesla. As the company raised 1.1 trillion won (US$975.61 million) of investment from Japanese telecommunication giant SoftBank in 2015, its corporate value was […]

Naspers Acquires South-African Online Retailer Takealot For R1bn ($70m)

Naspers is investing R960 million (approximately $70 million) in Takealot (press release) for a majority stake in the South-African online retailer. Naspers will hold about 53,5% of the equity and Tiger Global about 34%. TechCentral: In a statement on Tuesday, Naspers said the investment follows a 2015 investment from both Tiger Global Management and Naspers […]