Category: eCommerce
$75M weed giant Caliva ditches Eaze, launches delivery
It’s a brutal time for marijuana startups. I’m hearing some are raising at 1/5th of their 2019 valuation amidst rampant competition, tall taxes, and slow legalization. The struggles for marijuana’s best-known startup, delivery service Eaze, continue as today it’s losing one of its top partners. $75 million-funded weed brand empire…
Read More
Walmart Grocery app sees record downloads amid COVID-19, surpasses Amazon by 20%
Record demand for online grocery shopping amid the COVID-19 pandemic has sent the apps for grocery pickup and delivery services up the charts. Walmart Grocery, as a result, has now hit an all-time high in downloads — grabbing the No. 1 ranking position across all Shopping apps in the U.S.…
Read More
Yelp lays off 1,000 employees and furloughs 1,100 more
Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some additional measures. 1,000 employees have been laid off. According to an SEC filing, Yelp had 5,950 employees…
Read More
Indian online grocery startup BigBasket raises $60M
Indian grocery startup BigBasket has raised $60 million as it scales its business in the country to meet growing demand from customers stuck at home. Alibaba and other existing investors including Mirae Asset and CDC Group participated in the bridge-round, Vipul Parekh, co-founder of BigBasket, told TechCrunch in an interview.…
Read More
Instacart adds new features aimed at opening more delivery windows
Instacart today is rolling out new ordering options aimed at unlocking more delivery windows amid a surge of demand for its online grocery service due to the COVID-19 outbreak. The company is introducing “fast & flexible” and “order ahead” options, which will shift lower priority orders further out on the…
Read More
Away, the high-flying travel brand, just furloughed half its employees and laid off 10%
Pretty much everyone is getting socked by the COVID-19 shutdown. Among the latest to say so in a public way is Away, the trendy, five-year-old, New York-based travel brand that has raised roughly $180 million from investors over the years, including a $100 million round last year that pegged the…
Read More