Category: eCommerce
Jumia narrows losses, as its payment service grows in financial results
After years of losses, African e-commerce giant Jumia claimed significant progress towards profitability in its Q4 2020. Backing that claim, Jumia reported record gross profit and some improvements to its cost structure. The company wrote in its earnings release that while “2020 has been a challenging year operationally with COVID-19…
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Shippo raises $45M more at $495M valuation as ecommerce booms
This morning Shippo, a software company that provides shipping-related services to ecommerce companies, announced a new $45 million investment. The new capital values the startup at $495 million. TechCrunch is calling the new funding a Series D as it is a priced round that followed its Series C; the company…
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NY AG sues Amazon over treatment of warehouse workers
New York Attorney General Letitia James has filed a lawsuit alleging that Amazon failed to provide adequate safety health and safety measures in two New York facilities, and that it unlawfully disciplined and fired employees who complained. James opened an investigation into Amazon in March of last year, which her office…
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Jet co-founder Nate Faust is building a more sustainable e-commerce experience with Olive
Nate Faust has spent years in the e-commerce business — he was a vice president at Quidsi (which ran Diapers.com and Soap.com), co-founder and COO at Jet (acquired by Walmart for $3.3 billion) and then a vice president at Walmart. Over time, he said it slowly dawned on him that…
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Inside Rover and MoneyLion’s SPAC-led public debuts
If we are not careful, every entry of this column could consist of SPAC news. Special purpose acquisition companies, or blank-check companies, whatever you prefer to call them, are enormous business today. But they aren’t the only thing going on, and we’ll get to other things shortly. Consider this an…
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Private equity firm Marlin snatches up e-commerce optimization platform Lengow
French startup Lengow has a new landlord as Marlin Equity Partners has acquired a majority stake in the company. Lengow operates a softare-as-a-service platform to optimize e-commerce listings. Terms of the deal are undisclosed. In particular, many sellers now list their items on multiple e-commerce websites at once. For instance,…
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