Blackrock has cut the worth of its stake in web hosting provider Automattic by 10%, the asset manager said in its latest quarterly disclosure report. Blackrock, which invested in Automattic during its Series E round in 2021, valued its investment in the WordPress hosting company at $37.5 per share, down from $41.7 per share earlier […]
Blackrock marks down its investment in Automattic by 10% Read More »
Swiggy, a leading food delivery and quick-commerce app in India, said on Monday that it has expanded its 10-minute food delivery service, Bolt, to more than 400 cities and towns across the country. The Bengaluru-headquartered startup, which went public last month, said it has partnered with over 40,000 restaurants, including global chains KFC, McDonald’s, and
Swiggy scales 10-minute food delivery to 400 cities in quick-commerce push Read More »
Thanksgiving weekend has long been seen as the traditional start of the most important sales period for retailers, and so far, the indication is that we’re in for a strong holiday season for e-commerce. Salesforce is tracking activity in real time and said that yesterday, Thanksgiving, generated $33.6 billion in sales online globally, up 6%.
Thanksgiving 2024: $33.6B spent online, 72% of that on mobile, says Salesforce Read More »
Thanksgiving weekend has long been seen as the traditional start to the most important sales period for retailers, and so far, the indication is that we’re in for a strong holiday season for e-commerce. Salesforce is tracking activity in real time and has just put out its first figures for the day. It says that
Entrepreneur Marc Lore has already sold two companies for billions of dollars, collectively. Now he plans to take his food delivery and take-out business Wonder public in a couple of years at an ambitious $40 billion valuation. We talked with Lore in person in New York recently about Wonder and its ultimate aim of making
Entrepreneur Marc Lore on ‘founder mode,’ bad hires, and why avoiding risk is deadly Read More »
Zepto has secured $350 million in new funding, its third round of financing in six months, as the Indian quick-commerce startup strengthens its position against its competitors ahead of a planned IPO next year. Indian family offices, wealthy individuals, and asset manager Motilal Oswal invested in the round, which maintains Zepto’s $5 billion valuation. Motilal
Zepto raises another $350M amid retail upheaval in India Read More »
While online grocery shopping is generally convenient, manually adding items to your cart one by one can become a bit of a chore. To address this, food and grocery shopping app DoorDash has launched a new feature that allows you to sync your grocery list to the app. The app will then suggest what to
DoorDash’s app can now import your grocery list for faster shopping Read More »
AI-powered search engine Perplexity is venturing into e-commerce. On Monday, the company debuted a new shopping feature for its paid customers in the U.S. which offers shopping recommendations within Perplexity’s search results as well as the ability to place an order without going to a retailer’s website. With the move, Perplexity is taking on Google
Perplexity introduces a shopping feature for Pro users in the U.S. Read More »
People prefer texts over phone calls — especially when it’s a company on the other side. According to one survey, two-thirds of consumers say they’d switch to a company that offered texting as a contact option. With the text-message marketing industry expected to grow to $12.6 billion by 2025, it’s not surprising that vendors like
Text marketing firm Blip secures backing from SoftBank, Microsoft Read More »
Amazon has rolled out its answer to the discounted, low-cost storefronts of Temu and Shein. The Amazon Haul store, currently available on the mobile app or mobile web browser exclusively, offers similar mass-produced, discounted items, most of which ship from China. It’s a departure from Amazon’s long-established reputation as a powerhouse of rapid delivery times
Amazon takes on Temu and Shein with discount ‘Amazon Haul’ store Read More »
