Commerce

Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation

Commerce /

Zepto has more than doubled its valuation to $3.6 billion from $1.4 billion in less than a year in a new funding round of $665 million as the Mumbai-based startup intensifies the quick commerce competition in the world’s second largest internet market. Zepto sells and delivers everything from grocery items to electronic gadgets within 10 […]

Zepto, a 10-minute delivery app, raises $665 million at $3.6 billion valuation Read More »

Influencer shopping app LTK gets an automatic direct message tool

Commerce /

LTK (formerly LiketoKnow.it and RewardStyle), the influencer shopping app with 40 million monthly users, announced on Thursday the launch of a free direct message tool for creators to instantly share pre-set responses with followers.  The new tool, called LTK DM, is integrated into the posts section of the LTK app. When a creator shares an

Influencer shopping app LTK gets an automatic direct message tool Read More »

Amazon extends generative AI-powered product listings to Europe

Commerce /

Amazon is bringing its generative AI listing smarts to more sellers, revealing today that those in France, Germany, Italy, Spain, and the U.K. can now access tools designed to improve product listings by generating product descriptions, titles, and associated details. Additionally, sellers can also “enrich” existing product listings by automatically adding missing information. The announcement

Amazon extends generative AI-powered product listings to Europe Read More »

Can quick commerce leapfrog e-commerce in India?

Commerce /

Even as quick commerce startups are retreating, consolidating or shutting down in many parts of the world, the model is showing encouraging signs in India. Consumers in urban cities are embracing the convenience of having groceries delivered to their doorstep in just 10 minutes. The companies making those deliveries — Blinkit, Zepto and Swiggy’s Instamart

Can quick commerce leapfrog e-commerce in India? Read More »

From sperm freezing to accounting tools: Finaloop’s founder scores $35M to solve e-commerce retailers’ bookkeeping headaches

Commerce /

For consumers, one of the big pluses of e-commerce is the convenience: You can shop anytime, from anywhere, and these days pay with a simple tap of your finger (and pay pretty much any way you want). Underneath that, however, is a mass of fragmentation and complexity, and it’s usually the retailers who take it

From sperm freezing to accounting tools: Finaloop’s founder scores $35M to solve e-commerce retailers’ bookkeeping headaches Read More »

YC grad, RetailReady raises $3.3M for an AI warehouse app that hopes to save brands billions

Commerce /

The founders of 6-month-old RetailReady, recent grads of the YC winter 2024 cohort, have found an overlooked area of the warehouse/shipping industry that costs retail brands some $40 billion a year, they say. They are building a tablet app that replaces paper warehouse manuals that document packing instructions. Co-founders Elle Smyth and Sarah Hamer came

YC grad, RetailReady raises $3.3M for an AI warehouse app that hopes to save brands billions Read More »

Meta rolls out Meta Verified for WhatsApp Business users in Brazil, India, Indonesia and Colombia

Commerce /

Meta on Thursday said it is rolling out its Meta Verified program for WhatsApp Business users in Brazil, India, Indonesia and Colombia, and eventually to more countries. Subscription plans for this service start from $14 a month. The company is also adding more features to its messaging service for businesses, and letting companies use their

Meta rolls out Meta Verified for WhatsApp Business users in Brazil, India, Indonesia and Colombia Read More »

UK retailers file a £1.1B collective action against Amazon over claims of data misuse

Commerce /

E-commerce behemoth Amazon recently reached a wide-ranging settlement with the U.K. competition watchdog over how it uses Marketplace sellers’ data, with commitments to more transparent and fair practices going forward. But Amazon is not out of hot water over these issues just yet.  On Thursday, the British Independent Retailers Association, which has thousands of members,

UK retailers file a £1.1B collective action against Amazon over claims of data misuse Read More »