Ocurate believes lifetime value is a better prediction of how much profit a customer will bring to the company.
Amazon seeks India antitrust watchdog’s approval to buy Catamaran stake in Cloudtail-parent firm Prione
Amazon is seeking an Indian antitrust watchdog’s approval to buy Catamaran Ventures’ stake in Prione, which operates one of the largest sellers on the e-commerce platform, months after the two firms said they won’t renew their joint venture after May next year. The announcement comes as a surprise as Catamaran owns a 76% stake in […]
Next-day package delivery startup Veho valued at $1B following $125M Series A
Veho’s technology matches package delivery demand with qualified driver partners and lets customers know the actual time of delivery and even communicates when the driver is headed their way.
Zepto, a 10-minute grocery delivery app in India, raises $100 million
Zepto, a Mumbai-based startup that operates a 10-minute instant grocery delivery service, has more than doubled its valuation to $570 million from $225 million less than two months ago as it expands into newer cities. Y Combinator’s Continuity Fund led the $100 million Series C round in Zepto, the two said Monday. Glade Brook, Nexus, […]
India’s OfBusiness valued at $5 billion in $325 million funding
OfBusiness, a New Delhi-headquartered startup that sells industrial goods and provides small businesses with credit, has secured its fourth financing round this year and is now valued at about $5 billion. Alpha Wave Global, Tiger Global, and SoftBank Vision Fund 2 led the startup’s $325 million Series G financing round. Alpha Wave Global, formerly known […]
India’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B valuation, to double down on growth
With supply chains in the automotive industry continuing to be disrupted due to Covid-19, demand has surged in the used-car market. Today, one of the startups that’s seeing a lot of growth as a result of that is announcing a big round of funding to further tap the opportunity. Cars24, a startup out of India […]
Fraîche grabs new capital to whip up fresh-delivered meals for New York offices
The company includes a smart fridge that is stocked with meals and snacks daily, and a mobile app so that office employees can check out the contents whenever they want.
Full Harvest targets food waste by finding homes for imperfect, surplus produce
Within the past two years, Full Harvest’s impact on keeping food out of landfills grew five times, prompting the company to seek out additional capital to keep the momentum going.
India antitrust watchdog suspends Amazon’s 2019 deal with Future, imposes fine
An Indian antitrust watchdog has revoked the approval it had granted for Amazon’s 2019 investment in a Future Group unit and imposed a fine of about $26.3 million to the American e-commerce giant for concealing facts. The Competition Commission of India said Amazon, which invested in Future Coupons in 2019, “suppress[ed] the actual scope and purpose […]
Gopuff, the instant grocery startup, is raising $1.5B in a convertible note at up to a $40B valuation, ahead of going public as soon as mid-2022
Instant grocery — where urban-dwelling consumers buy food and other essentials and can get them delivered in 15 minutes or less — continues to be a big business, and one of the juggernauts in the space is now raising a big round of funding to meet that opportunity: Gopuff is in the process of raising […]