Zepto co-founder Aadit Palicha told a group of analysts and investors on Tuesday that the Indian delivery startup anticipates growth of 150% in the next 12 months, a remarkable figure suggesting the fast-growing quick commerce market in India is showing no signs of slowing down. Palicha shared these insights during a call organized by an […]
Zepto, snagging $1 billion in 90 days, projects 150% annual growth Read More »
GrubMarket, the $3.6-billion, food delivery and supply chain startup backed by Tiger Global, BlackRock and nearly 100 other investors, has snapped up another food delivery startup on its consolidation march: It is acquiring FreshGoGo, a New York-based, B2C platform selling Asian groceries and ready-made dishes. Terms of the deal are not being disclosed, but we
Food delivery is seeing more consolidation: GrubMarket snaps up FreshGoGo Read More »
Coined as the “Everyday Influencer” platform, Mavely is a social commerce app that enables users to earn commission by sharing and recommending products from more than 1,250 brands, including Adidas, Anthropologie, Foot Locker, Lululemon, Macy’s, Nordstrom Rack, and Old Navy. The company told TechCrunch it has now reached a gross merchandise value (GMV) run rate
Mavely’s platform for everyday influencers is taking off Read More »
Two of Africa’s largest B2B e-commerce platforms, Wasoko and MaxAB, have finally completed the continent’s much-talked-about merger, TechCrunch has learned. The all-stock transaction, both companies say, marks “an evolution from B2B e-commerce companies to a multi-vertical ecosystem for Africa’s $600 billion informal retail sector.” Talks of a merger between Kenya-based Wasoko and Egypt-based MaxAB began
Do you have a much-loved jacket with a torn sleeve or pair of grubby kicks gathering dust at the back of your closet? Tingit, a startup out of Lithuania, wants to help people restore their used clothing to their former glory with its newly launched repairs marketplace. The platform lets you use your phone to
Tingit is building a marketplace for ‘zero-effort’ repairs, starting with fashion Read More »
When advertising agencies create ads for clients, they don’t just make one advert, but potentially hundreds of iterations for a ream of platforms, and that can be pretty manually intensive. Creatopy, which automates ad-creation using AI, has now raised a $10 million Series A co-led by European VCs 3VC (based out of Austria) and Point
Creatopy, which automates ad creation using AI, raises a $10M Series A Read More »
As TikTok Shop gains traction, YouTube is expanding its partnership with Shopify to onboard more brands for its YouTube Shopping affiliate program, the company announced on Tuesday. The expanded partnership means creators will get access to thousands of new brands to tag in their shopping videos, marking a significant increase from the few hundred brands
YouTube takes on TikTok Shop with expanded Shopify partnership Read More »
Almost two weeks ago, TechCrunch reported that African e-commerce giant Jumia was planning to sell 20 million American depositary shares (ADSs) and raise over $100 million, given its share price of around $5.70 at the time. The e-tailer has now completed the at-the-market transaction offering of 20,227,736 ADSs. Jumia sold the shares at an average
African e-commerce company Jumia completes sale of secondary shares at $99.6M Read More »
Indian grocery delivery startup Zepto has finalized a $340 million round that values it $5 billion, up from $3.6 billion in June and $1.4 billion last August, as the startup races to win market share in India’s contested quick-commerce market. sources familiar with the deal told TechCrunch. General Catalyst and Mars Growth Capital are co-leading
Zepto hits $5B valuation as quick commerce heats up in India Read More »
If you’re looking to buy or sell a used Peloton bike, a startup called Trade My Spin could be the solution. In theory, you don’t need a whole separate marketplace to do this. And yes, you can definitely buy or sell a bike on Facebook or Craigslist already. But Trade My Spin’s CEO Ari Kimmelfeld
This startup wants to make it easier to buy used Peloton equipment Read More »
