Chinese fast-fashion retailer Shein has relaunched in India through a partnership with Reliance Retail, nearly five years after it was banned amid diplomatic tensions between New Delhi and Beijing. The new Shein India Fast Fashion app, developed and launched by billionaire Mukesh Ambani’s Reliance Retail, marks a significant return to one of Asia’s largest retail […]
Shein app returns to India via Reliance deal Read More »
Amazon is eliminating a small number of roles in its Communications and Sustainability departments, according to an internal memo viewed by TechCrunch. Per the memo, these cuts appear related to Amazon’s controversial return to office policy. In September, Amazon CEO Andy Jassy notified employees that they would be expected to return to the office five
Amazon cuts jobs in Sustainability department Read More »
Quick-commerce startup Zepto has moved its domicile to India from Singapore, joining a growing number of Indian startups that have moved their headquarters home ahead of an IPO in the country. The transition marks the fastest shift of registered headquarters to India by a startup in the country, according to Zepto’s chief financial officer Ramesh
Zepto shifts HQ to India as local listings gain appeal Read More »
The U.K.’s antitrust regulator has reached an agreement with Google to counter the scourge of fake online reviews. The internet giant has committed to several remedies. Bogus endorsements have blighted the web since the creation of user reviews, which is why regulators around the world have been upping the ante on tech companies to put
Google commits to combatting fake reviews in the UK after 5-year probe Read More »
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 »
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 »
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
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 »
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 »
Shein is still looking to IPO, Reuters reports. The company is looking to list on the London Stock Exchange (LSE) and could complete its IPO as early as April. The push for London comes after the company stopped trying to list in the U.S. as lawmakers raised concerns over the company’s connections to China and
Shein is still looking to IPO Read More »
