After looking for a buyer for more than two years, Just Eat Takeaway.com has finally closed the menu on Grubhub. On Tuesday, the Dutch food delivery giant said it completed the sale of the U.S. business to Wonder, the food startup founded and led by e-commerce veteran Marc Lore. The deal has an enterprise value […]
Just Eat Takeaway completes Grubhub sale to Wonder for a modest $650M Read More »
Online spending rose 3% to a record $1.2 trillion globally over the holiday period, with U.S.-sales, specifically, growing 4% to $282 billion. That’s according to a new report from Salesforce, which aggregated data from across its various cloud services, including Agentforce, Commerce Cloud, Marketing Cloud, and Service Cloud, to garner insights into spending activity spanning
Online spending grew 3% to a record $1.2T over holiday period, says Salesforce Read More »
Consumer goods giant Hindustan Unilever is in advanced talks to acquire four-year-old direct-to-consumer startup Minimalist for up to $350 million, according to two people familiar with the matter. An acquisition would add to the Unilever subsidiary’s buying spree in India, where it expanded into the health and wellbeing category by acquiring Oziva and Wellbeing Nutrition
Hindustan Unilever in talks to acquire Peak XV-backed Minimalist for up to $350M Read More »
Days after web hosting provider WP Engine won a preliminary injunction against WordPress co-creator Matt Mullenweg and rival hosting provider Automattic, Mullenweg announced that WordPress.org is taking a holiday break. WordPress.com — a site that provides access to WordPress plug-ins, themes, and other artifacts to the community — will take a break from providing free
Yoast CEO calls for a ‘federated’ approach to WordPress repository Read More »
Days after web hosting provider WP Engine won a preliminary injunction against WordPress co-creator Matt Mullenweg and rival hosting provider Automattic, Mullenweg announced that WordPress.org is taking a holiday break. WordPress.org — a site that provides access to WordPress plug-ins, themes, and other artifacts to the community — will take a break from providing free
Yoast’s former CEO calls for a ‘federated’ approach to WordPress repository Read More »
Yet another major investment is going down in the travel sector, underscoring its ongoing rebound after the Covid-19 pandemic. Prosus, the tech conglomerate controlled by Naspers, is paying $1.7 billion to acquire Despegar, one of the biggest online travel agencies in Latin America, to scale up its operations in the region. Despegar’s board of directors
Prosus buys Despegar for $1.7B, taking a bite out of Latin America’s travel sector Read More »
Shein must surrender all data of Indian customers and control of its local operations to its partner, Reliance Retail, and keep operations fully local to re-enter the Indian market, according to new government disclosures that reveal how the apparel and accessories retailer secured a rare exception to India’s ban on Chinese-linked apps. In a parliamentary
Shein must cede Indians’ data, control of local ops to re-enter India Read More »
The tourism and travel industries — after several tough years that included not just a global health pandemic but economic and geopolitical upheaval — are finally back on track, expected to make a “full recovery” to pre-pandemic levels of activity, the UN said earlier this month. As an indicator of that, Hostaway, one of the
Travel is back: Hostaway raises $365M at a $925M valuation Read More »
Epic Games is partnering with Telefónica, one of the largest telecommunication providers in the world, to preinstall the Epic Games Store on all new compatible Android devices on its network. Telefónica services Spain, the U.K., Germany, and Latin America. The company says the partnership will bring the Epic Games Store to “millions” of phones, marking
Demand for South Asian fashion is growing globally as more South Asians are migrating and settling in new markets, then buying ethnic wear for occasions like local festivals and weddings. However, not many online platforms today sell an extensive catalog of apparel and footwear from local South Indian sellers to global markets. Those that do
Laam lands $5.5M to provide South Asian fashions to migrants around the world Read More »
