Tag: Ecommerce

Amazon makes offline retail push in India

Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is buying up 49 percent of More in a deal that sees Amazon partner and PE

Facebook and Airbnb told to change their ToS to fix EU consumer rights issues by year’s end

Facebook and Airbnb have been singled out for censure by the European Commission’s head of consumer affairs who has warned the companies she’s running out of patience and said they need to make additional changes to their terms of service before the end of the year to bring them into

India’s Livspace raises $70M for its one-stop-shop for interior design

Livspace, an India-based startup that helps consumers manage home renovations and interior design, has pulled in a $70 million Series C deal that’s led by Goldman Sachs and TPG Growth. Existing investors Jungle Ventures, Bessemer Venture Partners, and Helion Ventures also took part in the round, which takes Livspace total funding to

EU antitrust regulator eyeing Amazon’s use of merchant data

The European Union’s competition commission is looking into how Amazon uses data from retailers selling via its ecommerce marketplace, Reuters reports. Competition commissioner Margrethe Vestager revealed the action today during a press conference. “We are gathering information on the issue and we have sent quite a number of questionnaires to

Hackers stole customer credit cards in Newegg data breach

Newegg is clearing up its website after a month-long data breach. Hackers injected 15 lines of card skimming code on the online retailer’s payments page which remained for more than a month between August 14 and September 18, Yonathan Klijnsma, a threat researcher at RiskIQ, told TechCrunch. The code siphoned off

Postmates raises another $300M, reportedly valued at $1.2B

On-demand delivery service Postmates announced this morning that it has raised $300 million in additional funding led by Tiger Global Management. While the company’s press release doesn’t mention this, Fortune reports that the deal valued Postmates at $1.2 billion. Tiger’s Scott Schleifer is joining the board of directors. Postmates does

Erectile pharmacy app Roman raises $88M to launch ‘quit smoking’ kit

Roman is a rocket ship, and I’m not talking about how it sells Viagra and Cialis. Less than a year after launching its cloud pharmacy for erectile dysfunction with $3 million in funding and a five-person team, Roman has grown to seventy team members and a revenue run-rate in the

Instacart expands ALDI partnership

After pilot programs in Atlanta, Dallas, Los Angeles and Chicago were “overwhelmingly positive,” per Instacart CEO Apoorva Mehta’s statement, the grocery delivery service has decided to expand its partnership with U.S. grocer ALDI. As of Thanksgiving, Instacart users in 35 states and 5,000 ZIP codes will be able to fill

Africa’s Jumo raises $52M led by Goldman to bring its fintech services to Asia

Asia’s fintech scene is poised to get a little larger after Jumo, a company that offers loans to the unbanked in Africa, revealed plans to expand into the continent. To get the ball rolling, Jumo has opened an office in Singapore to lead the way and landed a massive $52 million