A startup hoping to provide a credible alternative to Amazon has picked up funding to double down on the gap in the market. PrettyDamnQuick (PDQ) provides tech to retailers to let them customize and test different shipping and checkout flows, and now it has picked up a deal of its own: a $25 million Series […]
PrettyDamnQuick snaps up $25M to speed up online checkout Read More »
Whatnot, the platform that allows users to sell items such as trading cards, comics, and sneakers through live videos, announced on Wednesday that it has secured $265 million in a Series E funding round, a significant investment for a livestream shopping platform. This round puts Whatnot’s valuation at $4.97 billion. The investment marks an important
Livestream shopping app Whatnot raises $265M, pinning valuation at nearly $5B Read More »
Flash, the payment management service that tracks all your online purchases, announced Tuesday its entry into the U.S. market, giving American customers the ability to manage all of their spending in one place while also earning rewards, such as gift cards and cashback. The U.S. is home to many big spenders, making it a strategic
Sitting in Athens during the first Covid-19 lockdown, entrepreneur Rania Lamprou watched as online e-commerce exploded because of social distancing. But merchants still struggled with low conversion rates because their checkout processes were complicated, and they had to integrate multiple providers for payments, shipping, and loyalty programs. “I knew there had to be a better
She sat down in the COVID Lockdown and started coding — now she’s taking on Bolt Read More »
The Rounds, the startup that delivers recurring grocery and household essentials in reusable packaging, announced on Monday its $24 million Series B funding round. The new capital will go toward product development, hiring, and expanding the service to additional markets. Alongside the funding announcement, The Rounds introduced new features for customers, including the ability to
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 »
African e-commerce company Jumia is selling 20 million American depositary shares over the next couple of weeks, TechCrunch has learned. The at-the-market transaction is to take advantage of strong results despite a volatile market. Given Jumia’s share price of around $5.70 when the stock market opened on Tuesday, the e-commerce company could potentially raise approximately
Etsy has been grappling with an influx of generic “junk” and AI-generated products on its platform. The service revised its seller policy on Tuesday, introducing new labels that clarify whether a seller made, designed, sourced or handpicked an item. This marks the first time it has dealt directly with artificial intelligence in its seller policy,
Etsy adds AI-generated item guidelines in new seller policy Read More »
True Fit, the AI-powered size-and-fit personalization tool, has offered its size recommendation solution to thousands of retailers for nearly 20 years. Now, the company is venturing into the generative AI space with “Fit Hub,” a new tool that aims to improve the way online shoppers find clothing that fits their body type. Sizing issues continue
True Fit leverages generative AI to help online shoppers find clothes that fit Read More »
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 »
