Tag: eCommerce
Amazon, Flipkart, Ola and Uber begin to resume their services in India
E-commerce firms Amazon, Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were ordered across the country in late March. The…
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Walmart is piloting a pricier 2-hour ‘Express’ grocery delivery service
Record usage of grocery delivery services amid the COVID-19 pandemic has led to delayed orders, fewer open delivery windows, and an inability to even book a delivery time slot, on occasion. Walmart now hopes to capitalize on the increased demand for speedier delivery with the introduction of a new service…
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eBay Q1 reports sales of $2.374B, active buyers up to 174M in wake of COVID-19
After a quarter in which eBay, tussling with an activist investor, completed the sell-off of its ticketing business StubHub for $4 billion and saw appointed a new CEO after its previous one departed, while also weathering waves of surging demand and dodgy supply resulting from the COVID-19 pandemic, today the…
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In conversation with Sasha Astafyeva, Atomico’s new consumer-focused investment partner
European VC firm Atomico announced this week that it has hired Sasha Astafyeva as a new investment partner. Astafyeva previously spent three years as a principal at Felix Capital . In her new role, she’ll lead “sourcing, due diligence, and management” of consumer tech companies, according to a company statement.…
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Shopify launches Shop, a new mobile shopping app
While Shopify is best-known for powering the online stores of more than 1 million businesses, the company is launching a consumer shopping app of its own today, simply called Shop. The app is actually an update and rebrand of Arrive, an app for tracking packages for Shopify merchants and other…
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To fight fraud, Amazon now screens third-party sellers through video calls
Amazon is piloting a new system aimed at validating the identify of third-party sellers over video conferencing, the company announced on Sunday. The technology is a part of a series of seller-verification processes that Amazon uses to combat fraud on its platform, which the company claims stopped 2.5 million suspected…
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