Berlin-based food delivery giant Delivery Hero has warned investors it may “ultimately” face an antitrust fine of up to €400 million. The development, reported earlier by Reuters, follows unannounced raids by European Union authorities on the offices of Delivery Hero and its Spanish subsidiary Glovo back in November 2023 and July 2022. The EU did […]
Delivery Hero warns it could face €400M antitrust fine Read More »
In its latest step targeting a major marketplace, the European Commission sent Amazon another request for information (RFI) Friday in relation to its compliance under the bloc’s rulebook for digital services. The development highlights areas where EU enforcers are dialling up their scrutiny of the ecommerce giant, with the bloc asking for more info about
Amazon faces more EU scrutiny over recommender algorithms and ads transparency Read More »
Afloat, a gift delivery app that lets you shop from local stores and have gifts delivered to a loved one on the same day, is now available across the U.S. The startup announced on Monday that it is rolling out its service nationwide after previously only being available in select cities, including Atlanta, Dallas, Charleston, Fort
Gifting on-demand startup Afloat goes nationwide Read More »
TikTok is gearing up to challenge Amazon’s Prime Day event in July. The social network announced on Thursday that TikTok Shop is holding a “Deals For You Days” sales event in the U.S. starting on July 9. The announcement comes a few days after Amazon revealed that its annual Prime Day sales will take place
TikTok to challenge Amazon Prime Day with its own sales event in July Read More »
Amazon is facing another competition lawsuit in the U.K. The latest claim, which was filed Thursday, is seeking more than £2.7 billion in damages — or around $3.4 billion at current exchange rates — before the U.K.’s Competition Appeals Tribunal. The case is being brought by Andreas Stephan, a professor of competition law at the
Indian e-commerce giant Flipkart has quietly started rolling out its own payments app, dubbed Super.money, as it broadens its fintech ambitions more than a year and half after separating from PhonePe. The Walmart-owned firm’s new app, now live in beta on Play Store, allows users to make mobile payments via UPI, an interoperable network that
Flipkart launches payments app, Super.money, in fintech push Read More »
Amazon said on Tuesday that its annual Prime Day sales event will be held on July 16 and 17. The sales will kick off at 12.01 a.m. Pacific Standard Time on 16 July for U.S. citizens, and will feature exclusive and invite-only deals for Prime members. Apart from the U.S., Amazon is holding Prime Day
Amazon to hold Prime Day sales on July 16 and 17 Read More »
Consumer technology is hard, but few people have mastered it as well as Matt Rogers, co-founder of Nest and now Mill, his new startup that promises to turn your table scraps into planet-saving treasure. Mill burst out of the gate last year after spending some time in stealth refining its waste bin, an easy to
Matt Rogers On Mastering Consumer Tech at Disrupt 2024 Read More »
Shopify merchants can now sell their items to Target’s millions of shoppers, thanks to a new partnership. The companies announced on Monday that sellers on the commerce platform can apply to join Target Plus, the retail giant’s third-party marketplace where merchants can sell and manage orders. Target is the first major retailer to collaborate with
Target and Shopify team up to expand Target’s third-party marketplace Read More »
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 »
