Category Startups

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 […]

Forerunner and Fung Capital Invest in Flow, a Service Provider for Cross-Border Commerce

Cross-border commerce is all the rage these days. (See Wish and eBay, for example) Now, TechCrunch reports on a funding round for Flow: A startup called Flow wants to make it easier for companies to sell their products in different geographies. To extend its platform to even more e-commerce sellers, the company has raised some funding from Forerunner Ventures and […]

Building a Real-Time Layer to Tie All of Logistics Together: Turvo Gets $25 Million

Now, there’s an interesting logistics startup. Turvo is building a platform for collaboration across every level of logistics: Turvo is the only real-time collaborative logistics platform that connects anyone, anywhere to move things. Turvo creates a smarter way for shippers, brokers, and carriers to seamlessly work together to get things done faster. Turvo just raised […]

How Wish Grew to 2 Million Orders Per Day

Even though having a fantastic run that is going strong for years now -and being the undisputed online market leader in the US and other Western markets no less!-, Amazon is not the end state of all of e-commerce. Look at, for example, other online retailers like Alibaba or Zalando, not just for how to […]

Walmart’s Tech Incubator ‘Store No. 8’ Sounds Not That Appealing to Startups

Walmart’s new e-commerce boss Marc Lore unveiled ‘Store No. 8’, the company’s new tech incubator located in Silicon Valley, at the Shoptalk conference. Bloomberg: Wal-Mart Stores Inc. is creating a technology-startup incubator in California’s Silicon Valley to help identify changes that will reshape the retail experience in the next few years, including virtual reality, autonomous […]

These Are the 15 Startups from Shoptalk 2017

A large international e-commerce conference such as Shoptalk is not just an opportunity for big (online) retailers and investors to showcase their strategies and initiatives. It is also a great way for startups to (hopefully) break through in the industry. The following list of startups that pitched at Shoptalk’s Pitch Contest is a textbook example […]