Yesterday, Adobe submitted its quarterly earnings report and the results were quite good. The company generated a tad under $3 billion for the quarter at $2.99 billion, and reported that revenue exceeded $11 billion for FY 2019, its highest ever mark. “Fiscal 2019 was a phenomenal year for Adobe as we exceeded $11 billion in ...

Andy Dunn, the founder of menswear site Bonobos which sold to Walmart in 2017 for $310 million, is now parting ways with the retail giant. The executive, who joined Walmart as SVP of digital consumer brands at the time of the acquisition, officially announced his departure in a LinkedIn post titled “A Love Letter to ...

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Many companies realized that there was a huge opportunity when it comes to on-demand delivery of food and groceries. And apparently, too many companies as Glovo co-founder Sacha Michaud expects some consolidation in the space in the near future. At TechCrunch Disrupt Berlin, the General Manager of Northern, Central and Eastern Europe for Uber Eats ...

Zetwerk, an Indian business-to-business marketplace for manufacturing items, has closed a significantly large financing round as it scales its operations in the nation and also helps local businesses find customers overseas. The 18-month-old startup said on Wednesday it has raised $32 million in a Series B financing round led by Lightspeed and Greenoaks Capital. Zetwerk ...

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. Away CEO is stepping down in light of reports of toxic culture Steph Korey is stepping down from her role as ...

Digitally-native, vertically-integrated brands pool resources, operational costs and institutional knowledge to accelerate growth and achieve profitability at a faster rate. ...

Walmart this morning announced a new pilot program that will test autonomous grocery delivery in the Houston market starting next year. The retailer is partnering with autonomous vehicle company Nuro, a robotics company that uses driverless technology to deliver goods to customers. Nuro’s vehicles in this case will delivery Walmart online grocery orders to a ...

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Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the four-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal told TechCrunch in an interview. Existing investors Eight Roads Ventures, Nokia ...