Posts filtered by tags: Online Marketplace[x]


Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics

Valoreo closes on $50M to roll up LatAm e-commerce brands

A new breed of startups is acquiring and growing small but promising third-party merchants, and building out their own economies of scale. And while there are a number of such startups based in the U.S. and Europe, none had emerged in the Latin American market. Until now. Valoreo, a Mexico City-based acquirer of e-commerce businesses, announced Tuesday that it has raised $50 million of equity and debt financing in a seed funding round. The dollar amount is large for a seed round by any ...
Tags: Amazon, Startups, Ecommerce, Europe, Mexico, Funding, Tech, E-commerce, Colombia, Atlantic, United States, Mexico City, Online Marketplace, Latin America, Online Marketplaces, Justo

‘Staying Ahead of the Curve’: How Victory Auto Service & Glass Gains New Customers and Grows Service Bookings with Openbay marketplace

Victory Auto Service & Glass is an award-winning, family-owned and -operated automotive repair and auto glass service business based in the Minneapolis metro area. Owner and President Jeff Matt started his career as an automotive technician. He had a vision to one day lead a business committed to delivering an honest and trustworthy experience and exceptional automotive service to his clients.  Jeff and Debby Matt launched Victory Auto Service as a one-bay shop in 1997 and the business ...
Tags: Lyft, Minneapolis, US, Research, Autos, Online Marketplace, Jordan, Digital Marketing, Customer Stories, Jeff, Customer Acquisition, Auto Repair, Openbay, Debby, Digital Tools, New Customers

What is Poshmark? Here's how to use the online marketplace to buy and sell clothing and accessories

Poshmark allows users to buy and sell clothing online. Rafael Henrique/SOPA Images/LightRocket via Getty Images Poshmark is an e-commerce website and app where users can buy and sell used or new clothing and accessories straight from millions of closets. Buying and selling clothes on the Poshmark app is easy and doesn't require much setup time. Visit Business Insider's Tech Reference library for more stories. Poshmark launched in 2011 as an e-commerce platform where users could buy and sel...
Tags: Amazon, Fashion, Craigslist, Etsy, Ebay, Trends, Nike, E-commerce, App, Online Marketplace, Social Commerce, eBay Amazon, Poshmark, Tech Insider, Facebook Marketplace Facebook, Meira Gebel

MadeiraMadeira, Brazil’s answer to Wayfair and Ikea, is now worth over $1 billion

MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion after raising $190 million in late stage financing from investors led by SoftBank’s Latin American investment fund and the Brazilian public and private investment firm, Dynamo. An online marketplace specializing in home products, MadeiraMadeira offers roughly 300,000 products so customers can build furnish, renovate and decorate their homes. Founded in 2009 by Daniel Scandian, Marcelo Scandian and Robson Privado , ...
Tags: TC, Softbank, Tech, E-commerce, Companies, Online Shopping, Ikea, Brazil, Online Marketplace, Dynamo, Retailers, Leader, Latin America, Founder, Partner, Wayfair

How to cancel an order on Etsy, the online marketplace for handmade and vintage items

Etsy is an online marketplace that offers handmade and vintage goods from independent sellers. Igor Golovniov/SOPA Images/LightRocket/Getty Images To cancel an order on Etsy, you must contact the seller or shop you purchased the item from directly. Make sure to check the shop's policies regarding returns, exchanges, or cancellations before placing an order. Cancellation requests are at the discretion of the seller and not guaranteed. Visit Business Insider's Tech Reference library for more...
Tags: Amazon, Crafts, Ecommerce, Accessories, Craigslist, Etsy, Trends, Online Shopping, Online Marketplace, Tech Insider, Facebook Marketplace Facebook, Igor Golovniov, BI-freelancer, Tech Reference, Laptops & Tablets (Reference, Software & Apps (Reference

TaskRabbit is resetting customer passwords after finding ‘suspicious activity’ on its network

TaskRabbit has reset an unknown number of customer passwords after confirming it detected “suspicious activity” on its network. The IKEA -owned online marketplace for on-demand labor said it reset user passwords out of an abundance of caution and that it “took steps to prevent access to any user accounts,” a TaskRabbit spokesperson told TechCrunch. The company later confirmed it was a credential stuffing attack, where existing sets of exposed or breached usernames and passwords are matched ...
Tags: Security, Ecommerce, Tech, Data Breach, Ikea, Airbnb, Online Marketplace, Retailers, Data Security, Taskrabbit, Sarah Perez, Stacy Brown Philpot, Brown Philpot, Ania Smith

B2B marketplaces will be the next billion-dollar e-commerce startups

Merritt Hummer Contributor Share on Twitter Merritt Hummer is a partner at Bain Capital Ventures, where she invests in the fintech, e-commerce and proptech sectors. Startups involved in B2B e-commerce such as Faire and Mirakl have burst out of the gates in 2020. Almost overnight, these startups transformed into consequential platforms, earning billion-dollar valuations along the way. The B2B e-commerce industry has broad reach...
Tags: Startups, TC, Ecommerce, Apps, Column, Advertising Tech, Finance, Marketing, Tech, E-commerce, Online Marketplace, B2b, Bain Capital Ventures, CRM, Retail Stores, Mirakl

OfferUp and Letgo merged today, and some users are furious about it

The two online marketplaces announced the merger without warning their users
Tags: News, Trends, Mergers, Online Marketplace, Letgo, Offerup

OfferUp and Letgo merged without warning, and users are furious about it

The two online marketplaces announced the merger without warning their users
Tags: News, Trends, Mergers, Online Marketplace, Letgo, Offerup

OfferUp and Letgo merged today, and users are furious about it

The two online marketplaces announced the merger without warning their users
Tags: News, Trends, Mergers, Online Marketplace, Letgo, Offerup

Transforming Rentals to a Hotel-Like Experience

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Zumper.] A free end to end online search marketplace for landlords and tenants that attracts more than 80 million people each year.They help landlords market to millions, receive rent digitally, and find reliable tenants and provide renters the ability to find, apply, and reserve apartments. They calculate median rents with data from over a million active listings across the th...
Tags: Marketing, Radio, Online Marketplace, Rentals, Matterport, Zumper, Anthemos Georgiades, Mastermind Showcase, Facebook Marketplace Represented

Swappie bags $40.6M to sell more secondhand iPhones across Europe

Finland-based Swappie has closed a €35.8 million ($40.6M) Series B to expand into new markets in Europe. The ecommerce business refurbishes and resells used iPhones, taking care of the entire process from testing and repairing used handsets, to selling the refurbished devices via its own marketplace, with a 12-month warranty. Local VC and private equity firm TESI is a new investor in the Series B, along with Lifeline Ventures, Reaktor Ventures and Inventure Investors, all of whom participated in...
Tags: Iphone, Apple, Startups, Mobile, Ecommerce, Europe, CMO, Eu, E-commerce, Smartphones, Italy, Netherlands, European Commission, Finland, Circular Economy, Online Marketplace

Europe asks for views on platform governance and competition tools

The European Commission is asking for views on how online platforms should be regulated in future, launching a public consultation today on the forthcoming Digital Services Act (DSA). This pan-EU legislative proposal, due before the end of the year, is slated to rework the regional rulebook for digital services, including tackling controversial issues such as liability for user-generated content and online disinformation. Modernising and updating rules related to ecommerce and online ma...
Tags: TC, Facebook, Mark Zuckerberg, Europe, Tech, Eu, European Union, E-commerce, Policy, Commission, European Commission, Online Marketplace, EC, Online Marketplaces, Margrethe Vestager, Vestager

Knowde could make billions building the digital marketplace for the $5 trillion chemicals industry

Ali Amin-Javaheri grew up in the chemicals business. His father had worked for Iran’s state-owned chemical company and when the family fled the country in the nineteen eighties during the Iran-Iraq war, they first settled in Houston where employers welcomed the senior Amin-Jahaveri’s experience. Houston in the 80s was dominated by the petrochemicals industry and by the time the family later relocated to Washington State, Amin-Jahaveri was already deeply steeped in a world of covalent bonds, chem...
Tags: Amazon, Energy, Food, TC, Texas, Microsoft, Washington, Iraq, India, Oil, Articles, Tech, Basf, Iran, Nature, United States

White House Details Exactly How It Plans to Rein In Sales of Fake Crap Online

The Trump administration is adopting a tougher stance to combat the multi-billion dollar market of selling counterfeit goods on online platforms like Amazon, per a Department of Homeland Security report released Friday.Read more...
Tags: Amazon, Science, White House, China, Online Marketplace, Counterfeit, Department Of Homeland Security, Fake, Counterfeiting, Trump, Fakes

Trouva, an online marketplace for independent boutiques, raises $22M

Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Today, a London startup that’s taken that idea but is applying it to a far more curated set of retailers and goods has raised some money to fuel its international growth. Trouva, which provides an online marketplace for brick-and-mortar independent boutiques selling “beautiful” and hard-to-find piece...
Tags: Apple, Amazon, Food, TC, Ecommerce, Europe, Publishing, UK, London, Shopping, Etsy, Ebay, Berlin, Marketing, Tech, Companies

Ruhnn, a Chinese startup that makes influencers, raises $125M in U.S. IPO

Ruhnn, a company that enables influencers to sell through ecommerce and is plotting to change the faces of China’s fashion industry, has raised $125 million after it listed on the Nasdaq on Wednesday. The company sold 10 million American Depositary Shares at $12.5 a pop, the midpoint of its expected range. In an earlier filing with the U.S. Securities and Exchange Commission, the Alibaba-backed firm targeted to raise $200 million from its initial public offering. While big brands in the U.S. are...
Tags: Ecommerce, Asia, Entertainment, China, Marketing, US, Social Media, Tech, E-commerce, KoL, Alibaba, Tencent, WeChat, Online Marketplace, Manufacturing, Alibaba Group

SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo

SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in Chinese. The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales and financial leasing. (These sub-brands are more subtly named, which translate to “sunflower seeds” and “edamame”, respectively.) Chehaoduo sai...
Tags: Transportation, Uber, Asia, China, Softbank, Tech, Beijing, Tencent, Online Marketplace, EVs, Carsharing, Car Sales, Peer To Peer, Automobile Dealers Association, Didi, SoftBank Group

China’s Alipay digital wallet is entering 7,000 Walgreens stores

China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing to reach a roster of 7,000 locations by April. The alliance will make it breezier for Chinese tourists eager to pick up vitamin supplements and cosmetics from the pharmacy giant, doing away the hassle of...
Tags: Food, Asia, Hong Kong, Japan, Finance, China, Digital, Tech, Walgreens, Canada, Malaysia, Alibaba,, Tencent, WeChat, Mobile Payments

Foot Locker invests $100 million in GOAT Group

Foot Locker, the mostly mall-bound retailer of mass market sneakers, has invested $100 million in the sneaker marketplace and retailer of primarily rare and exclusive high-end athletic and lifestyle shoes, GOAT Group. The companies said that the investment would eventually lead to Foot Locker and Goat Group combining their efforts across their digital and physical retail platforms. GOAT said in a statement that the company would use the investment to accelerate its global operations, expand i...
Tags: TC, Tech, Netflix, Retail, Online Marketplace, Richard Johnson, Goat, Footwear, Sneakers, Foot Locker Inc, Scott Martin, Pensole, Flight Club, Foot Locker, Matt Powell, Eddy Lu

Austin’s RigUp Adds $60M for Service That Finds Oil and Gas Workers

Austin—Energy industry startup RigUp has added $60 million in new funding for its service that aims to connect oilfield workers who are looking for a job with oil and gas companies.The financing is Austin, TX-based RigUp’s Series C funding round and was led by Founders Fund, the San Francisco venture firm started by PayPal co-founders Peter Thiel, Ken Howery, and Luke Nosek. Earlier investors Energy Partners, Global Reserve Group, and Bedrock Capital also participated.RigUp raised a $15.8 milli...
Tags: Mobile, Spacex, Technology, Marketplace, Funding, Oil, Employment, San Francisco, Trends, Tech, Investment, Workers, Paypal, App, Vc, Austin

Sequoia-backed NEXT gets $97M as investment in logistics heats up

Despite its “unsexy” reputation, the logistics industry is attracting massive investment from venture capitalists. With a fresh $97 million in Series C funding, NEXT joins a fleet of heavily funded logistics platforms, including Flexport, Huochebang and Convoy. The company, which connects shippers and carriers through an online marketplace, raised the capital from Brookfield Ventures, with participation from Sequoia Capital and logistics solutions provider GLP. NEXT declined to disclose the valu...
Tags: Startups, Transportation, California, Tech, United States, Venture Capital, Online Marketplace, Logistics, Sequoia Capital, Driver, Flexport, Yan, Lynwood California, Lidia Yan, Omar Hamoui, Recent Funding

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance. Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. [Update] The company confirmed that the deals gives it a valuation of $400-$500 million, that’s in line with a report from Economic Times one mon...
Tags: Fundings & Exits, Asia, Indonesia, Youtube, Finance, Southeast Asia, India, Funding, Insurance, Tech, Car, Automotive, Philippines, Malaysia, Online Marketplace, Alphabet

20 startups take center stage at Berkeley SkyDeck’s demo day

The largest-ever Berkeley SkyDeck demo day kicked off with a high-energy performance from the Cal marching band, setting the tone for an afternoon of presentations from none other than Berkeley faculty and students-turned-entrepreneurs. Launched in 2012 as a modest accelerator for student-run businesses, SkyDeck has flourished since its inception. To date, the program has mentored 300 startups, which have gone on to raise $800 million via 27 funding rounds and 10 acquisition deals. Earlier this ...
Tags: Amazon, TC, Accelerator, Youtube, Tech, Earth, Venture Capital, Ibm Watson, Online Marketplace, Sequoia Capital, Berkeley, University Of California, Vanity Fair, Demo Day, Triton, Skydeck

How to Start a Multi-vendor Marketplace Business from Scratch

The Multi-vendor marketplace model has risen as the most revenue-generating model in the modern-day eCommerce industry. Most of the businesses have either shifted or preparing themselves to make their way… Read more » The post How to Start a Multi-vendor Marketplace Business from Scratch appeared first on
Tags: Business, Ideas, Tips, Online Marketplace, How To Start A Business, Marketplace Business

Jennifer Garner’s baby food company Once Upon a Farm raises $20M Series B

CAVU Venture Partners has led the $20 million Series B for Once Upon a Farm, which sells organic, cold-pressed baby food in 8,500 grocery stores in the U.S. The Berkeley-based startup was originally founded in 2015 by serial entrepreneurs Rohan Oza and Clayton Christopher. Today, it lists actress Jennifer Garner and former General Mills president John Foraker as co-founders, too. Both Garner and Foraker — who was the chief executive officer of the popular organic mac & cheese brand Annie’s Ho...
Tags: Amazon, Food, Startups, Hbo, Funding, Tech, Venture Capital, Online Marketplace, Annie, Jennifer Garner, Berkeley, General Mills, Honest Company, Baby Products, Organic Food, Garner

Understanding Renaud Laplanche’s next Upgraded act

Renaud Laplanche spent ten years building LendingClub. In the process, he created an industry from scratch. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. But LendingClub, which Laplanche founded in 2007, was and remains the poster child for the business of marketplace lending. The industry’s short history has been volatile, characterized by both and utter lack of confidence. Histo...
Tags: Startups, TC, Finance, Tech, Fidelity, Online Marketplace, Goldman, Prosper, Peer-to-peer Lending, Blockchain, Wright, U S Bank, Online Lending, Orville, Equifax, Schwab

Walmart brings its partnership with into the food business

Walmart is bringing its partnership with into its grocery business. The Chinese physical store will stock products that customers can also buy through its Walmart’s virtual storefront on the Chinese electronic marketplace,, according to a report in Reuters. Walmart first partnered with two years ago as both companies struggled to overcome the retail dominance of Alibaba, China’s ecommerce juggernaut. Throwing the ouroboros of 21st century economics into sharp relief, the ...
Tags: Amazon, Food, TC, China, Tech, Walmart, E-commerce, Economy, Software, United States, Alibaba,, WeChat, Online Marketplace, Alibaba Group, Target

Craigslist competitor Letgo adds housing listings for renters and buyers

Letgo wants a piece of the pie when it comes to housing rentals and sales, taking on the likes of Craigslist and Facebook's Marketplace with its own property listings. The U.S. rollout will be complete by the end of the month. The post Craigslist competitor Letgo adds housing listings for renters and buyers appeared first on Digital Trends.
Tags: Facebook, Property Listings, Listings, Trends, Web, Online Marketplace, Smart Home, Rentals, Letgo