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3 ways the pandemic is transforming tech spending

Eric Tan Contributor Eric Tan is Senior Vice President of IT and Business Services Coupa, a leader in business spend management and a former Battery portfolio company. Scott Goering Contributor Scott Goering is VP of Business Development at Battery Ventures . Ever since the pandemic hit the U.S. in full force last March, the B2B tech community keeps asking the same questions: Are businesses spending more on te...
Tags: Cloud, Ecommerce, Column, Enterprise, Digital Transformation, Labor, Cloud Computing, Tech, Remote Work, CIO, E-commerce, Netflix, SaaS, Goldman Sachs, Rhode Island, B2b


DoorDash amps its IPO range ahead of blockbuster IPO

DoorDash filed a fresh S-1/A, providing the market with a new price range for its impending IPO. The American food delivery unicorn now expects to debut at $90 to $95 per share, up from a previous range of $75 to $85. That’s a bump of 20% on the low end and 12% on the upper end of its IPO range. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday. DoorDash still anticipates 317,656,521 shares outstanding aft...
Tags: Food, TC, Ecommerce, Ipo, Tech, SEC, Startup Company, Unicorn, Doordash, Online Food Ordering, The Exchange


YC-backed LemonBox raises $2.5M bringing vitamins to Chinese millennials

Like many overseas Chinese, Derek Weng gets shopping requests from his family and friends whenever he returns to China. Some of the most wanted imported products are maternity items, cosmetics, and vitamin supplements. Many in China still uphold the belief that “imported products are better.” The demand gave Weng a business idea. In 2018, he founded LemonBox to sell American health supplements to Chinese millennials like himself via online channels. The company soon attracted seed funding fro...
Tags: Health, Google, Ecommerce, Y Combinator, Japan, Instagram, China, Funding, America, Tech, Walmart, Alibaba, Silicon Valley, Baidu, Shenzhen, Google Facebook


Boost ROI with intent data and personalized multichannel marketing campaigns

Coronavirus is causing large and small businesses to drastically cut marketing budgets. In Forrester’s self-described “most optimistic scenario,” the analysts project a 28% drop in U.S. marketing spend by the end of 2021. Even Google is cutting its marketing budget in half. As marketers move forward, Forrester predicts marketing automation platforms will grow despite an overall decline in marketing technology investment. Automation platforms help marketers scale their communications. However, sc...
Tags: Google, Startups, Ecommerce, Marketing, Tech, Personalization, Email Marketing, Forrester, Online Advertising, Direct Marketing, Digital Marketing, Marketing Automation, TMA, TMA TMA


Walmart+ takes on Prime by dropping $35 minimum on Walmart.com purchases

Walmart+, the retailer’s lower cost alternative to Amazon Prime offering same-day delivery of groceries and other items, is making its service more appealing with today’s launch of a new perk. The company says that starting on Friday, December 4, it will remove the $35 shipping minimum on orders from Walmart.com for its members. However, this doesn’t apply to the same-day orders of groceries or other items fulfilled by Walmart stores, but rather online shopping where orders are placed thro...
Tags: Amazon, Food, Ecommerce, Uber, Tech, Walmart, Amazon Prime, Online Shopping, United States, Retailers, Streaming Video, Instacart, E-books, Postmates, Doordash, Online Food Ordering


Who’s building the grocery store of the future?

Christopher Wan Contributor Share on Twitter Chris is a venture fellow at Bessemer Venture Partners and a JD/MBA candidate at Stanford University who writes a weekly newsletter about tech, policy and business strategy. The future of grocery stores will be a win-win for both stores and customers. On one hand, stores want to decrease their operational expenditures that come from hiring cashiers and conducting inventory manageme...
Tags: Amazon, Food, Ecommerce, Column, Real Estate, Labor, California, Tech, Artificial Intelligence, Retail, Payments, Robotics, Seattle, Facial Recognition, Stanford University, Bessemer Venture Partners


U.S. shopping app downloads on Black Friday reached a record 2.8M installs

Many U.S. consumers spent this year’s Black Friday sales event shopping from home on mobile devices. That led to first-time installs of mobile shopping apps in the U.S. to break a new record for single-day installs on Black Friday 2020, according . The firm estimates that U.S. consumers downloaded approximately 2.8 million shopping apps on November 27th — a figure that’s up by nearly 8% over last year. However, this number doesn’t necessarily represent faster growth than in 2019, which also saw...
Tags: Travel, Google, Amazon, Cyber Monday, Black Friday, Google Play, Mobile, Ecommerce, Apps, Business, Shopping, Marketing, Nike, Walmart, E-commerce, Online Shopping


US shopping app downloads on Black Friday reached a record 2.8M installs

Many U.S. consumers spent this year’s Black Friday sales event shopping from home on mobile devices. That led to first-time installs of mobile shopping apps in the U.S. to break a new record for single-day installs on Black Friday 2020, according . The firm estimates that U.S. consumers downloaded approximately 2.8 million shopping apps on November 27th — a figure that’s up by nearly 8% over last year. However, this number doesn’t necessarily represent faster growth than in 2019, which also saw...
Tags: Google, Amazon, Cyber Monday, Black Friday, Google Play, Mobile, Ecommerce, Apps, Business, Shopping, Marketing, US, Tech, Nike, Walmart, E-commerce


Ankorstore raises $29.9 million for its wholesale marketplace

French startup Ankorstore has raised a $29.9 million Series A round (€25 million) with Index Ventures leading the round. Existing investors GFC, Alven and Aglaé are also participating. Ankorstore is building a wholesale marketplace that connects independent shop owners with brands selling household supplies, maple syrup, headbands, bath salts, stationery items and a lot more. That list alone should remind you of neighborhood stores that sell a ton of cutesy stuff that you don’t necessarily ne...
Tags: Fundings & Exits, Startups, Ecommerce, Europe, Germany, Tech, France Newsletter, Index Ventures, Luxembourg France, Ankorstore, GFC Alven, Pierre Louis Lacoste


China’s tech firms rush to deliver solutions for grocery shopping

Nearly all of China’s largest internet firms have established a presence in online grocery. Just this week, news arrived that Alibaba co-led the $196 million C3 funding round of Nice Tuan, the two-year-old grocery group-buying firm’s fourth round year to date. People in China shop online for almost everything, including groceries. At first, grocery e-commerce appears to have caught on mainly among the digitally-savvy who have grown reliant on the convenience of e-commerce and don’t mind paying a...
Tags: Food, TC, Ecommerce, Asia, China, Funding, America, Tech, E-commerce, Alibaba, Tencent, WeChat, Alibaba Group, Meituan, Grocery Store, Meituan-dianping


French administration suspects Wish of selling counterfeit products

A French administration in charge of consumer rights and fraud has investigated on Wish, the mobile e-commerce platform that recently filed to go public. While the company generated $1.9 billion in revenue in 2019, the French administration believes Wish could be selling products, such as sneakers and perfumes, with images incorrectly showing the logos of famous brands. In addition to those wrongly labeled products, the administration says Wish pretends products are on sale while they aren’t....
Tags: Ecommerce, Europe, France, Tech, Policy, Paris, Counterfeit, Wish, DGCCRF, Cédric O


Black Friday online shopping comes in $9B, $3.6B on smartphones

Black Friday — the day that launched 1,000 other shopping holidays — may have lost its place as the “start” of the Christmas shopping season by now (it gets bigger and earlier with each passing year). But the day after Thanksgiving still pulls in a crowd of buyers looking for a bargain and remains a major bellwether for tracking how sales will progress in what is the most important period for the retail and commerce sector. This year saw growth, but at the low end of the predicted range. Adob...
Tags: Amazon, Black Friday, Ecommerce, Adobe, US, Tech, E-commerce, Online Shopping, Shopify, Taylor Schreiner, Adobe Digital Insights Concurrently, Walmart Smartphones


Black Friday on track for $8.9B+ in online sales as shoppers stay away from brick-and-mortar stores

Black Friday — the day that launched 1,000 other shopping holidays — may have lost its place as the “start” of the Christmas shopping season by now (it gets bigger and earlier with each passing year). But the day after Thanksgiving still pulls in a crowd of buyers looking for a bargain and remains a major bellwether for tracking how sales will progress in what is the most important period for the retail and commerce sector. Because of the Covid-19 pandemic, this year was definitely slimmer wh...
Tags: Amazon, Black Friday, Ecommerce, Adobe, US, Tech, Walmart, E-commerce, Online Shopping, Shopify, Taylor Schreiner, Adobe Digital Insights Concurrently


Bigblue wants to automate e-commerce fulfillment in Europe

Meet Bigblue, a French startup that just raised a $3.6 million seed round (€3 million) to build an end-to-end fulfillment solution in Europe. If you sell products on your own website and across multiple marketplaces, you can use Bigblue to handle everything that happens after a transaction. Bigblue doesn’t try to reinvent the wheel. Instead, it partners with existing logistics companies so that you only have to manage one relationship with Bigblue. It means that Bigblue works with several fulfil...
Tags: Amazon, Fundings & Exits, Startups, Ecommerce, Europe, Tech, DHL, Fulfillment, Bigblue, Samaipata, Chronopost, Benoit Thibaud Elziere, Olivier Bonnet


What Marketers Should Know Before Building an Amazon Keyword Strategy

Performance marketers shouldn't just transfer their Google keywords to Amazon. Consumers intending to buy products search for them on Amazon and Google, but they become customers on each platform differently. Before building an Amazon.com keyword strategy, SEO experts advise marketers to remember that Amazon is a search engine housed in a marketplace. The entire point...
Tags: Google, Amazon, Ecommerce, Advertising, Customer Experience, Amazon Consumers


Amazon expands IP Accelerator to Europe after US SMBs register 6,000 trademarks

As we head into the biggest shopping period of the year — which this year may well have an even stronger online component than usual because of Covid-19 — Amazon has launched its latest effort to combat the sale of counterfeit goods on its site. The e-commerce giant today announced that its free IP Accelerator in now live in Europe — specifically France, Germany, Italy, Spain, Netherlands and the United Kingdom — to help SMBs selling on Amazon obtain trademarks on their intellectual property,...
Tags: Amazon, Ecommerce, Europe, UK, US, Tech, United Kingdom, Intellectual Property, Counterfeit, US Patent And Trademark Office, Intellectual Property Office, European Intellectual Property Office, COVID, France Germany Italy Spain Netherlands, EU Seller Services Amazon, Pippa Hall


Despite pandemic, forecasts predict U.S. online holiday sales increase of 20%-30% or more

Strong e-commerce sales are predicted to help lift overall holiday retail spending in the U.S., according to forecasts released today by the National Retail Federation (NRF) and eMarketer. Both firms expect to see overall retail sales growth during November and December, though the market may be impacted by slowing brick-and-mortar sales. Of the two, NRF had the more optimistic forecast. It estimates U.S. holiday sales during November and December will increase between 3.6% and 5.2% year-over-ye...
Tags: Cyber Monday, Black Friday, TC, Ecommerce, Thanksgiving, Shopping, Tech, E-commerce, United States, Retail, App Annie, Emarketer, Nrf, Wall St, National Retail Federation NRF, Amazon Walmart


Despite pandemic, forecasts predict US online holiday sales increase of 20%-30% or more

Strong e-commerce sales are predicted to help lift overall holiday retail spending in the U.S., according to forecasts released today by the National Retail Federation (NRF) and eMarketer. Both firms expect to see overall retail sales growth during November and December, though the market may be impacted by slowing brick-and-mortar sales. Of the two, NRF had the more optimistic forecast. It estimates U.S. holiday sales during November and December will increase between 3.6% and 5.2% year-over-ye...
Tags: Cyber Monday, TC, Ecommerce, Thanksgiving, Shopping, US, Tech, E-commerce, United States, Retail, App Annie, Emarketer, Nrf, Wall St, National Retail Federation NRF, Amazon Walmart


Cure Hydration raises $2.6M for its healthy sports drink alternative

Cure Hydration is announcing that it has raised $2.6 million in seed funding as it brings a healthier approach to the sports beverage market. Founder and CEO Lauren Picasso, whose past roles include serving as director of marketing at Jet.com, told me that she became interested in the market after training for a triathlon; she’d often feel dehydrated even after drinking lots of water. (This is also something I struggled with while training for a marathon last year — and yes, I’m only mentioning ...
Tags: Fundings & Exits, Startups, Ecommerce, Funding, Tech, United States, World Health Organization, Picasso, Lauren, Michael Katz, Lerer Hippeau, Philip Krim, CVS Walmart, Nick Green, Dana Cohen, Cure Hydration


Restaurant search engine FoodBoss adds support for direct delivery from restaurants

FoodBoss aims to be something like Kayak for online food ordering — the place where you can search across different service and apps to find the lowest prices and fastest delivery times. One limitation, however, is the fact that the service was limited to third-party services like Uber Eats and Postmates, with no way to order from the restaurant itself — until recently, with the launch of a new feature called Restaurant Direct. FoodBoss co-founder and CEO Michael DiBinedetto said that restaur...
Tags: Food, Ecommerce, Tech, Chicago, Postmates, Lunchbox, Lou Malnati, Sbarro, FoodBoss, Michael DiBinedetto, DiBinedetto, Heather Stege


Xesto is a foot scanning app that simplifies shoe gifting

You wait ages for foot scanning startups to help with the tricky fit issue that troubles online shoe shopping and then two come along at once: Launching today in time for Black Friday sprees is Xesto — which like Neatsy, which we wrote about earlier today, also makes use of the iPhone’s TrueDepth camera to generate individual 3D foot models for shoe size recommendations. The Canadian startup hasn’t always been focused on feet. It has a long-standing research collaboration with the University of ...
Tags: Apple, Startups, Ecommerce, Tech, Artificial Intelligence, Online Shopping, Computer Vision, University of Toronto, Howe, Sophie Howe, Neatsy, Virtual Fit, Xesto, Afiny Akdemir


Neatsy wants to reduce sneaker returns with 3D foot scans

U.S.-based startup Neatsy AI is using the iPhone’s depth-sensing FaceID selfie camera as a foot scanner to capture 3D models for predicting a comfortable sneaker fit. Its app, currently soft launched for iOS but due to launch officially next month, asks the user a few basic questions about sneaker fit preference before walking through a set of steps to capture a 3D scan of their feet using the iPhone’s front-facing camera. The scan is used to offer personalized fit predictions for a selection of...
Tags: Amazon, Ecommerce, US, Tech, Adidas, UPS, Artificial Intelligence, Machine Learning, Zappos, Computer Vision, Statista, Prisma Labs, iPhone FaceID, Neatsy, Russia Neatsy, Puma Nike Jordan Air


India approves Reliance’s $3.4 billion deal with Future Group, brings a new headache to Amazon

The Indian watchdog said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posing a new headache for American e-commerce group Amazon in the key overseas market. The Competition Commission of India (CCI), the Indian watchdog, said in a brief statement that it had approved the proposed acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group, India’s second largest retail chain, by Re...
Tags: Amazon, Ecommerce, Asia, Government, Singapore, India, Tech, Delhi, Amazon India, Reliance, SEBI, CCI, East India company, Reliance Retail, Competition Commission of India CCI, Mukesh Ambani


India approves Reliance’s $3.4 billion deal with Future Group, brings new headache to Amazon

The Indian watchdog said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posing a new headache for American e-commerce group Amazon, which had raised objections over the deal. The Competition Commission of India (CCI), the Indian antitrust body, said in a brief statement that it had approved the proposed acquisition of retail, wholesale, logistics, and warehousing businesses of Future Group, India’s second large...
Tags: Amazon, Ecommerce, Asia, Government, Singapore, India, Tech, Delhi, Amazon India, Reliance, SEBI, CCI, East India company, Reliance Retail, Competition Commission of India CCI, Mukesh Ambani


Amazon’s drone delivery team hit with layoffs amid reorganization

Amazon has confirmed an early Financial Times report outlining layoffs at the retail giant’s Prime Air drone delivery program. “As part of our regular business operations, we are reorganizing one small team within our larger Prime Air organization to allow us to best align with the needs of our customers and the business,” spokesperson Kristen Kish said in a statement offered to TechCrunch. “For affected employees, we are working to find roles in the areas where we are hiring that best match ...
Tags: Amazon, Ecommerce, Layoffs, Hardware, Tech, Amazon Prime Air, Faa, Financial Times, Personnel, Jeff Wilke, Kristen Kish, Amazon drone delivery


Inside Affirm’s IPO filing: A look at its economics, profits and revenue concentration

Last night Affirm filed to go public, herding yet another unicorn into the end-of-year IPO corral. The consumer installment lending service joins DoorDash and Airbnb in filing recently, as a number of highly valued, venture-backed private companies look to float while the public markets are more interested in growth than profits. TechCrunch took an initial dive into Affirm’s numbers yesterday, so if you need a broad overview, please head here. This morning we’re going deeper into the company’...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Finance, Tech, Airbnb, Max Levchin, Twilio, Affirm, Peloton, The Exchange, Tiktok, COVID


SellerX raises $118M to buy up and grow Amazon marketplace businesses

As Amazon’s Marketplace continues to grow and mature, a new opportunity has emerged in the world of e-commerce for a new breed of startups to consolidate the most promising of the smaller businesses that sell via Amazon’s platform, and build out their own economies of scale within that ecosystem. In the latest development, SellerX — a new outfit in Berlin — has closed a round of $118 million (€100 million) that it plans to use to roll up smaller enterprises that use Fullfilment by Amazon for ...
Tags: Amazon, Ecommerce, Europe, UK, London, Germany, Berlin, Funding, Tech, Heroes, Zalando, Amazon UK, David Schneider, Philipp, MALTE, TriplePoint Capital


Farmstead, a grocery startup with a focus on software, raises $7.9M

Farmstead, a startup that operates an online grocery business while also selling software to other grocers, is announcing that it has raised $7.9 million in Series A funding. While there’s been plenty of demand for grocery delivery this year, the major players like Instacart are making purchases and deliveries from existing supermarkets. Farmstead co-founder and CEO Pradeep Elankumaran said that this model puts a big constraint on the number of possible deliveries, which is why you may be strugg...
Tags: Food, Fundings & Exits, Startups, TC, Ecommerce, Groceries, Funding, Tech, North Carolina, Charlotte, Raleigh Durham, Farmstead, Pradeep Elankumaran, Elankumaran, Aidenlair Capital, San Francisco Farmstead


Kerry Washington backs jewelry startup Aurate

Actress Kerry Washington has made an investment of undisclosed size in direct-to-consumer jewelry startup Aurate. This isn’t Washington’s first startup investment — she’s also backed The Wing, Community and Byte. In fact, when we asked her about her dream investment at Disrupt in September, she hinted at a new deal that “feels pretty dreamy.” When I brought up those comments earlier this week, Washington laughed and confirmed that Aurate is exactly what she’d been thinking about. In addition ...
Tags: Fundings & Exits, Startups, Ecommerce, Kerry Washington, Washington, Funding, Tech, Kerry, Kahn, Sophie Kahn, Bouchra Ezzahraoui, Aurate, Ezzahraoui, Wing Community, Sekhmet Washington, Supermajority Kahn


Jinx launches a text-to-buy dog food platform, with help from Initialized Capital

Jinx is launching a simple way to buy dog food and manage orders via text message. The startup says it has developed “the first text-to-buy platform in the legacy pet food space,” in partnership with its investor Initialized Capital and the firm’s co-founder Alexis Ohanian (who departed earlier this year and is raising a new fund). Jinx CEO Terri Rockovich told me that while Jinx’s most important differentiator is creating kibble and treats that are healthier and better-suited to modern dog l...
Tags: Startups, Mobile, Ecommerce, Tech, Alexis Ohanian, Dog Food, Initialized Capital, Jinx, Ohanian, Terri Rockovich, Rockovich, Jinx Rockovich



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