Walmart has spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it’s betting on India at […]
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Back to news homeE-commerce acquirer Benitago files for bankruptcy
Benitago Group, an Amazon e-commerce business acquirer, filed for bankruptcy this week. The move comes after the New York-based company raised $380 million in equity and debt in the past […]
Lightspeed backs Markato, a marketplace that helps independent brands break into Asia
During the pandemic, almost all retailers in Asia established an e-commerce presence and adopted digital payments. But one thing that didn’t change was sourcing, say the founders of cross-border marketplace […]
Dipp uses AI to fix bottlenecks between marketing and design teams
Before founding dipp, Jennifer Chen and Mikhail Abramov spent 15 years working as art directors in New York City. During that time, Chen says they realized that the marketing, sales […]
Deal Dive: Forecasting rain on DTC’s Parade
You don’t need me to tell you that startups haven’t been doing great since the funding slowdown and valuation reset started back in 2022. But while some companies will be […]
Amazon tries to boost its TikTok-like shopping feed by asking influencers to submit videos — for $25 each
Amazon is looking to boost its TikTok-style “Inspire” shopping feed and is offering to pay influencers $25 a video, but some creators are mocking the low rate. The company sent […]
Wonder Brands’ pivot to acquiring e-commerce infrastructure pays off
Wonder Brands, an acquirer of e-commerce brands in Latin America, announced today the closing of $15.5 million in Series A funding. This enables the Mexico City-based company to expand into […]
Indian court ruling threatens Google’s advertising revenue model
The Delhi High Court has ruled that Google’s Ads Programme falls under the purview of the trademarks act, meaning the search giant’s use of trademarks as keywords amounts to “use” […]
A merger that’s good for workers and consumers
Claude Cummings Jr. Contributor Claude Cummings Jr. was elected president of the Communications Workers of America in July 2023. As the first Black president of CWA, he is a leading […]
Pinterest touts Amazon partnership progress, AI in Q2 earnings beat
Popular image pinboarding and shopping inspiration site Pinterest provided an update on its recently announced Amazon partnership and its other efforts around AI during its Q2 2023 earnings this week. […]