ecommerce
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STARTUPS
Danggeun Market, the South Korean secondhand marketplace app, raises $33 million Series C
Danggeun Market, the startup behind Karrot, South Korea’s largest neighborhood marketplace and networking app, announced today that it has raised…
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Trends
India rejects Walmart-owned Flipkart’s proposed foray into food retail business
The Indian government has rejected Flipkart’s proposal to enter the food retail business in a setback for Walmart, which owns…
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STARTUPS
Otrium raises $26 million to sell end-of-season fashion items
Otrium has raised a $26 million Series B funding round (€24 million) with Eight Roads Ventures leading the round. Existing…
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STARTUPS
Byte projects $100 million in 2020 revenue without increasing marketing spend
One usual characteristic of a bootstrapped company is that its growth is slower than its VC-backed competitors. Bootstrapped marketing spend…
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Trends
US e-commerce sales jump 49% in April, led by online grocery
Online retailers are seeing Black Friday-like sales due to the impact of the COVID-19 pandemic on their business. According to…
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STARTUPS
Goldman Sachs backs electric toothbrush startup Burst Oral Care
Burst Oral Care, a startup that sells an electric toothbrush boasting charcoal bristles and 33,000 sonic vibrations per minute, has…
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Trends
Xiaomi launches Mi Commerce in India to boost sales amid lockdown
Xiaomi today launched a new e-commerce service in India that allows people in the nation to easily browse and order…
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Trends
Amazon Q1 beats on net sales of $75.5B but posts net income of $2.5B, down $1B on a year ago
Amazon has been one of the biggest names synonymous with how the consumer masses are experiencing life under lockdown: its…
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Trends
Reliance and Facebook pilot JioMart grocery shopping on WhatsApp
JioMart, an e-commerce venture run by India’s most valued firm, is testing an “ordering system” on WhatsApp, teasing the first…
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