Save for fintech and cleantech, B2B e-commerce and retail was the leading destination for venture capital dollars over the last five years. The premise of digitizing the continent’s mom-and-pop convenience stores and offering various solutions to streamline logistics and procurement processes saw hundreds of millions of dollars flood the segment, particularly during the venture capital […]
Thrasio, once king of e-commerce aggregation, files for Ch.11
Thrasio, the U.S. start-up that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on marketplaces like Amazon in a bid for better economies of scale — has commenced a restructuring of its own. The company has filed for Chapter […]
TechTaka raises $9.5M for its e-commerce fulfillment service
TechTaka, a South Korean online shopping fulfillment startup that provides third-party logistics services for e-commerce sellers, has raised $ 9.5 million (12.6 billion KRW) in a Series B round of funding from a sole investor, Altos Ventures. The outfit helps e-commerce sellers manage the supply chain, from warehousing, order packing and shipping, so that TechTaka […]
What is Temu? Chinese e-commerce company's Super Bowl commercial goes viral for annoying jingle
Are you shopping like a billionaire? If you’re buying clothing brands like Gucci, Louis Vuitton, or Versace, the answer is probably yes. If you’re buying $ 9.99 dresses off Temu, the answer is probably no. Anyone watching Super Bowl 58 probably heard a different message … several times. It’s not cheap to run a Super […]
Accel eyes new India fashion e-commerce bet with Newme
Accel, an early investor in Indian e-commerce giants Flipkart and Myntra, is preparing a new fashion e-commerce bet in India even as competition intensifies with the recent expansion of Mukesh Ambani’s Ajio platform. Accel is in advanced talks to lead a $ 15-20 million funding round into Newme, an Indian fast-fashion e-commerce startup, according to […]