Category Archives: eCommerce

Custom framing startup Framebridge is opening two retail stores

For a long while, you couldn’t swing a bag of cats around without hitting a retailer looking to create a digital presence. Now, the inverse is growing in popularity, with many digital-first retail brands looking to set up a brick-and-mortar shop. The latest is Framebridge, a custom framing startup that has raised more than $67 million. The company is launching two new retail stores in the D.C. area, one downtown and one in Bethesda. “We’ve tested a number of pop-ups, and there were people that had been […]

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Patreon ups its revenue cut, but grandfathers in old creators

Patreon couldn’t survive charging all creators just a 5 percent rake on the monthly subscriptions they earn from fans while building commerce tools like CRMs and merchandise to try to stay ahead of Twitch, YouTube and Google. But it also didn’t want to screw all its loyal early creators. So today, Patreon is overhauling its pricing. Any creator can still get a 5 percent rate, but just for a Lite version without bonus tools or different fan tiers. All of Patreon’s extra features will now be in […]

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Zeus raises $24M to make you a living-as-a-service landlord

Cookie-cutter corporate housing turns people into worker drones. When an employee needs to move to a new city for a few months, they’re either stuck in bland, giant apartment complexes or Airbnbs meant for shorter stays. But Zeus lets any homeowner get paid to host white-collar transient labor. Through its managed ownership model, Zeus takes on all the furnishing, upkeep, and risk of filling the home while its landlords sit back earning cash. Zeus has quietly risen to a $45 million revenue run rate from renting out […]

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African e-commerce startup Jumia files for IPO on NYSE

Pan-African e-commerce company Jumia filed for an IPO on the New York Stock Exchange today, per SEC documents and confirmation from CEO Sacha Poignonnec to TechCrunch. The valuation, share price and timeline for public stock sales will be determined over the coming weeks for the Nigeria-headquartered company. With a smooth filing process, Jumia will become the first African tech startup to list on a major global exchange. Poignonnec would not pinpoint a date for the actual IPO, but noted the minimum SEC timeline for beginning sales activities […]

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Instacart’s alcohol delivery is now available in 14 states

Instacart has expanded its alcohol delivery to now be available in 14 states and Washington D.C. from nearly 100 different retailers. With the roll-out, Instacart alcohol delivery is currently available to 40 million homes in the U.S. and the number of alcohol deliveries on the platform has more than doubled since the same time last year. Partners who participate in alcohol delivery on Instacart include Albertsons, Kroger, Publix, Schnucks, and Stater Bros, alongside wine and liquor stores such as BevMo!, Binny’s Beverage Depot, and Total Wine & […]

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Josh Wood, hair colorist to the stars, gets $6.5M led by Index in its latest D2C bet

In the age of Amazon, where up to 90 percent of all consumers use it to buy goods and Amazon is accounting for a rapidly-growing percentage of a consumer’s total retail spend (along with other giants like Walmart), direct-to-consumer brands — leveraging social media alongside tech-first apps — are emerging as sometimes surprising, but often effective, competition. In one of the latest developments, London-based celebrity hair colorist Josh Wood — who has worked with the likes of David Bowie, PJ Harvey, Florence Welch, Saoirse Ronan and Elle Macpherson, […]

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Funerals are tough. Ever Loved helps you pay for them

Alison Johnston didn’t plan to build a startup around death. An early employee at Q&A app Aardvark that was bought by Google, she’d founded tutoring app InstaEDU and sold it to Chegg. She made mass market consumer products. But then, “I had a family member who was diagnosed with terminal cancer and I thought about how she’d be remembered” she recalls. Inventing the next big social app suddenly felt less consequential. “I started looking into the funeral industry and discovered that there were very few resources to […]

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Hooch moves beyond subscription drinks, with rewards for travel, dining and more

When we first wrote about Hooch, it offered a fun, straightforward deal — for $9.99 per month, you could claim one free drink per day from participating bars and restaurants. Since then, the company launched Hooch Black, a pricier subscription that includes perks like hotel discounts and concierge service. But even then, co-founder and CEO Lin Dai was hinting at plans to use blockchain technology to create what he called “a decentralized model for consumer rewards.” Now Hooch is delivering on what Dai promised, with a relaunched […]

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Sea is raising up to $1.5B for its Shopee e-commerce business in Southeast Asia

Alibaba is about to get a jolt from its largest rival in Southeast Asia. Sea, the Nasdaq-listed business, is raising as much as $1.5 billion from a new share offering that’s sure to be funneled into its Shopee e-commerce business. Singapore-based Sea said in a filing that it plans to offer 60 million American Depositary Shares (ADS) at a price of $22.50 each. That could raise $1.35 billion, but that number could increase by a further $202 million if underwriters take up the full allotment of 9 […]

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Mirakl raises $70 million to manage the marketplace of your e-commerce website

French startup Mirakl raised a $70 million funding round. Bain Capital is leading the round with existing investors 83North, Felix Capital and Elaia Partners also participating. If you’ve bought a few products from a third-party seller on an e-commerce website that isn’t Amazon or Alibaba, chances are you’ve used Mirakl in the past. The company has built a solution to manage the marketplace of your e-commerce platform. While Mirakl doesn’t have a ton of customers, each customer is very valuable. The company has worked with some of […]

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