Commerce

Stripe is laying off 300 people, but says it still plans to hire in 2025

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at […]

Stripe is laying off 300 people, but says it still plans to hire in 2025 Read More »

Blinkit signals costly battle ahead in Indian quick commerce market

Zomato’s quick commerce unit Blinkit is accelerating its expansion and expects continued losses as competition intensifies in India’s instant delivery market. Blinkit now aims to reach 2,000 dark stores – small warehouses in residential areas that exclusively service online orders – by December 2025, a year ahead of its previous guidance, after exceeding 1,000 stores

Blinkit signals costly battle ahead in Indian quick commerce market Read More »

Fast-growing South African venture FARO raises $6M to source, refurbish and sell surplus clothing

Global fashion brands are struggling with billions of dollars worth of unsold inventory. Mostly, these brands avoid reselling in core markets like the UK and the U.S. to prevent market cannibalization. Meanwhile, emerging markets like Africa heavily rely on secondhand clothing imports, but 30% to 40% of these items are deemed unusable upon arrival, leading to

Fast-growing South African venture FARO raises $6M to source, refurbish and sell surplus clothing Read More »

eBay acquires Caramel to reduce risk and complexity of online car sales

E-commerce giant eBay has announced plans to acquire Caramel, a startup that helps car sellers and buyers complete the final steps of the transaction — including verification, financing, paperwork, ownership transfer, insurance, and more. As eBay has grown through the years, it has had to evolve to remain competitive — last year, for instance, the

eBay acquires Caramel to reduce risk and complexity of online car sales Read More »

Snappy aquires swag-gifting startup Covver as it seks to roll-up players

It’s now broadly accepted that customers and employees who receive corporate gifts end up appreciating the brand much more, and for not a lot of outlay. The market for this has thus exploded. One market player, the New York-based Snappy, which has raised over $125 million to date, is now acquiring Covver, a corporate merchandise

Snappy aquires swag-gifting startup Covver as it seks to roll-up players Read More »

Automattic says it will reduce its contribution to WordPress core project to match WP Engine

It’s a new year, but drama in the WordPress community keeps going. Automattic, the company that runs WordPress.com, said that it would reduce its contribution to WordPress core, the open-source project that acts as the backbone of most of Automattic’s products and ensures the longevity of WordPress as a technology and community. Automattic CEO and

Automattic says it will reduce its contribution to WordPress core project to match WP Engine Read More »

Flipkart taps Dunzo founder to lead quick commerce push

Flipkart has hired Kabeer Biswas, co-founder of Indian delivery startup Dunzo, as the Walmart-owned e-commerce group expands its quick commerce business in the world’s most populous nation. Biswas will lead Flipkart’s quick commerce business, called Flipkart Minutes, a source familiar with the situation told TechCrunch. The move follows Flipkart engaging with Biswas over a potential

Flipkart taps Dunzo founder to lead quick commerce push Read More »

Facebook Marketplace to display eBay listings to appease EU regulators

Meta is set to start displaying eBay listings in its own Facebook Marketplace classifieds platform, in an effort to appease European regulators. Back in November, Meta was hit with a €798 million fine by the European Commission (EC) in Europe for breaching antitrust rules. The EC contended that Meta created “unfair trading conditions” by connecting

Facebook Marketplace to display eBay listings to appease EU regulators Read More »