Commerce

Poshmark’s ‘Promoted Closet’ tool lets sellers boost all their listings at once

Commerce /

Poshmark, the social commerce site that lets people buy and sell new and used items to each other, launched a paid marketing tool on Thursday, giving sellers the ability to promote their entire shop at once. Poshmark’s new feature, called “Promoted Closet,” uses machine learning to automatically promote individual product listings from a seller’s entire […]

Poshmark’s ‘Promoted Closet’ tool lets sellers boost all their listings at once Read More »

Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash 

Commerce /

Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand in Asia, specifically by strengthening its position in Taiwan. On the other hand, it also underscores Delivery Hero’s ongoing retreat from that same market: the sale

Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash  Read More »

Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth

Commerce /

Pepper, the e-commerce platform for food distributors, continues to edge into Sysco and US Foods territory by giving smaller, independent distributors a technology leg up.  The company developed an ordering system specifically for independent food distributors that supports catalogs of over 100,000 items and enables these companies to launch mobile apps and websites so that

Healthy growth helps B2B food e-commerce startup Pepper nab $30 million led by ICONIQ Growth Read More »

Meesho, an Indian social commerce platform with 150M transacting users, raises $275M

Commerce /

Meesho, a leading e-commerce startup in India with about 150 million transacting users, has secured $275 million in a new funding round, the company disclosed in a securities filing. The new funding is part of a larger financing round that is likely to include secondary transactions and balloon to over $500 million, people familiar with

Meesho, an Indian social commerce platform with 150M transacting users, raises $275M Read More »

Jumia is back, growing total sales and orders in Q1 2024

Commerce /

Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in constant currency) to $48.9 million, while GMV surged by 5% year-over-year (39% in constant currency) to $181 million. The quarterly active customers of the African e-tailer, on

Jumia is back, growing total sales and orders in Q1 2024 Read More »

Amazon launches a Prime-free marketplace in South Africa, its first on the continent

Commerce /

Two years after announcing plans, Amazon’s highly awaited e-commerce entry into Africa has finally come to pass. On Tuesday, the tech giant launched its marketplace in South Africa. South Africa is the e-commerce giant’s first market on the continent, and it will be going head-to-head in the country with local players like Takealot (majority-owned by media

Amazon launches a Prime-free marketplace in South Africa, its first on the continent Read More »

Amazon launches a Prime-free marketplace in South Africa, its first in sub-Saharan Africa

Commerce /

Two years after announcing plans, Amazon’s highly awaited e-commerce entry into sub-Saharan Africa has finally come to pass. On Tuesday, the tech giant launched its marketplace in South Africa. South Africa is the e-commerce giant’s first marketplace in the sub-Saharan region (it already has an operation out of Egypt following the acquisition of Souq in

Amazon launches a Prime-free marketplace in South Africa, its first in sub-Saharan Africa Read More »

Sam’s Club’s AI-powered exit tech reaches 20% of stores

Commerce /

Amazon may be scaling back its AI-powered Just Walk Out checkout-free tech in its stores in favor of smart shopping carts, but Walmart-owned Sam’s Club says it’s turning to AI to speed up its own exit technology. Instead of requiring store staff to check members’ purchases against their receipts when leaving the store, Sam’s Club

Sam’s Club’s AI-powered exit tech reaches 20% of stores Read More »