Category: eCommerce
What to make of Deliveroo’s rough IPO debut
Do European investors put a premium on corporate ethics? Alex Wilhelm 7 hours Deliveroops. After a lackluster IPO pricing run, shares of Deliveroo are lower today, marking a disappointing debut for the hot delivery company. A good question to ask at this juncture is why Deliveroo struggled with its IPO…
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Otrium raises $120 million for its end-of-season fashion marketplace
Otrium has raised a $120 million round just a year after raising its $26 million Series B round. BOND and returning investor Index Ventures are leading the round. Existing investor Eight Roads Ventures is also participating. The concept behind Otrium is quite simple. When items reach the end-of-season status, brands…
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Prosus classifieds group OLX shuts down Berlin’s Frontier Car Group to focus OLX Autos on LatAm and Asia
Cazoo is picking up significant capital today by teaming up with a SPAC in the U.S. at a $7 billion valuation, but it’s the end of the line for another big European name in used-car sales. TechCrunch has learned and confirmed that Berlin-based Frontier Car Group, which builds used-car marketplaces…
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Daily Crunch: Amazon makes PR push ahead of union vote
Amazon pushes back against unionization, WeWork eyes the SPAC route and there’s new spyware on Android. This is your Daily Crunch for March 26, 2021. The big story: Amazon makes PR push ahead of union vote Workers at Amazon’s fulfillment center in Bessemer, Alabama (a suburb of Birmingham) will vote…
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Y Combinator-backed Vue Storefront aims to be the ‘glue’ for e-commerce
“Headless commerce” is a phrase that gets thrown around lot (I’ve typed it several times today already), but Vue Storefront CEO Patrick Friday has an especially vivid way of using the concept to illustrate his startup’s place in the broader ecosystem. “Vue Storefront is the bodiless front-end,” Friday said. “We are the…
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Benitago Group raises $55M in combined debt and equity to buy and grow Amazon brands
Benitago Group, a startup looking to build a big portfolio of Amazon brands, is announcing that it has raised $55 million in new funding — most of it in the form of credit lines to fund acquisitions, plus an equity investment. “We want to take these brands and growth them…
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