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Archive for the ‘Ecommerce Articles’ Category

India’s richest man built a telecom operator everyone wants a piece of

As investors’ appetites sour in the midst of a pandemic, a three-and-a-half-year-old Indian firm has secured $10.3 billion in a month from Facebook and four U.S.-headquartered private equity firms. The major deals for Reliance Jo Platforms have sparked a sudden interest among analysts, executives and readers at a time when many are skeptical of similar ...

$75M **** giant Caliva ditches Eaze, launches delivery

It’s a brutal time for marijuana startups. I’m hearing some are raising at 1/5th of their 2019 valuation amidst rampant competition, tall taxes, and slow legalization. The struggles for marijuana’s best-known startup, delivery service Eaze, continue as today it’s losing one of its top partners. $75 million-funded **** brand empire Caliva has dropped Eaze in ...

Walmart Grocery app sees record downloads amid COVID-19, surpasses Amazon by 20%

Record demand for online grocery shopping amid the COVID-19 pandemic has sent the apps for grocery pickup and delivery services up the charts. Walmart Grocery, as a result, has now hit an all-time high in downloads — grabbing the No. 1 ranking position across all Shopping apps in the U.S. on April 5, 2020, and ...

Yelp lays off 1,000 employees and furloughs 1,100 more

Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some additional measures. 1,000 employees have been laid off. According to an SEC filing, Yelp had 5,950 employees as of December 31, 2019. ...

COVID-19 crisis spurs triple-digit growth for refurbishing startup Back Market

“The U.S. and Germany are pushing the growth," says CEO Thibaud Hug de Larauze. "They are the main two drivers of the boom of Back Market." ...

In the wake of COVID-19, UK puts up £20M in grants to develop resilience tech for critical industries

Most of the world — despite the canaries in the coal mine — was unprepared to cope with the coronavirus outbreak that’s now besieging us. Now, work is starting to get underway both to help manage what is going on now and better prepare us in the future. In the latest development, the UK government today ...

Amazon begins running temperature checks and will provide surgical masks at warehouses

Amazon has detailed someone  measures its taking to prevent any further spread of COVID-19 at its warehouse facilities in the U.S. and Europe, according to Reuters, including taking temperature checks and distributing facemasks to employees at Amazon warehouses and Whole Foods stores. The commerce giant has seen a dramatic increase in demand as countries and ...

ClassPass now offers live streamed workouts for those house-bound by coronavirus

ClassPass, the fitness platform that connects gym-goers with the right studio/fitness class, has today announced that it’s dusting off its shuttered video product in the wake of the coronavirus pandemic. With some tweaks. ClassPass studio partners will today be able to offer live streamed classes on the platform. ClassPass has set up a system that ...

Amazon warehouse workers organized to demand PTO, and coronavirus clinched it

Amazon never tires of explaining how great it is to work at one of its warehouses, but as usual the actual employees tell a different story. This particular group of Chicago workers was fed up with the company failing to provide paid time off or vacation it promised to part-time workers. They organized; Amazon resisted; ...

Instagram founder launches gift card site for quarantined restaurants

Coronavirus quarantines are hurting local businesses, but Instagram co-founder Mike Krieger wants to help them keep revenue rolling in. Krieger and his wife Kaitlyn this week launched SaveOurFaves, a directory of Bay Area restaurants selling gift certificates to offset lost income amidst ‘shelter in place’ orders across the region. Users can search for restaurants or ...