Commerce

Cover Genius lands $70M infusion to grow its embedded insurance business • ZebethMedia

In 2014, Angus McDonald, the former head of publisher partnerships at Yahoo (full disclosure: ZebethMedia’s parent company), teamed up with ex-Googler Chris Bayley to found Cover Genius, an insurtech platform that prices and handles claims for virtually any line of insurance or warranty. After expanding the business to all 50 U.S. states and more than […]

Shopify acquires Remix to bolster its storefront design tools • ZebethMedia

Remix, a startup developing an open source web framework similar to Next.js, has been acquired by Shopify, the companies announced in a joint statement today. The financial terms weren’t disclosed, but in a blog post, Remix CEO Michael Jackson said that Remix will receive “long-term backing and support” from Shopify that will allow it to […]

Topline Pro grabs $5M to help home service businesses scale online • ZebethMedia

Like many “solopreneurs,” home service professionals have to balance doing the work while also managing a business. Topline Pro wants to take some of that burden off the shoulders of professionals so they can concentrate on customers. New York-based Topline Pro, formerly ProPhone, does this by leveraging generative artificial intelligence to provide a way for […]

Amazon to delist top seller Appario on India marketplace amid regulatory heat • ZebethMedia

Amazon plans to delist large seller Appario Retail, in which it maintains a stake, from the marketplace, the two said Monday, a year after ending ties for another large seller Cloudtail following allegations from retailers that some sellers received preferential treatment. Amazon and Patni Group-owned Zodiac said in a statement that they have agreed to […]

Skidattl’s augmented reality beacons are ‘like a Bat-Signal for fun’ • ZebethMedia

Skidattl wants to use augmented reality to get people to engage with the real world. It’s a story we’ve heard before from AR companies, particularly as they pit themselves against the potentially isolating effects of virtual reality. But rather than chasing metaversal Pokémon creatures on the street, Skidattl aims to use AR “beacons” to show […]

Amazon’s income dipped in Q3 2022 as the economy took its toll • ZebethMedia

Amazon suffered steep losses in year-over-year income as post-pandemic shopping habits and inflation threw the retailer for a loop. In its third quarter 2022 earnings report today, Amazon revealed that operating income decreased to $2.5 billion in Q3 2022 compared to $4.9 billion the same quarter last year, while net income dipped to $2.9 billion […]

Countdown to compliance as EU’s Digital Services Act published • ZebethMedia

The European Union’s flagship reboot of long-standing ecommerce rules — aka the Digital Services Act (DSA) — has now been published in the bloc’s Official Journal. You can find the full (and final) text of DSA here. Le Digital Services Act (#DSA) est publié aujourd’hui au Journal Officiel! 📖 Ce texte majeur fera d’Internet un espace […]

Accel backs startup offering ‘Amazon-grade’ commerce engine to online sellers around the world • ZebethMedia

Accel has backed a startup named Mason based in India and the U.S. that has built a commerce engine for sellers around the world to help them sell products online without paying the exorbitant ‘Amazon tax.’ The California-based startup, which has its R&D headquarters in Bengaluru, is claimed to allow sellers to have their D2C […]

Lightspeed-backed Indian commerce Udaan raises $120 million • ZebethMedia

Indian business-to-business e-commerce startup Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders, a top executive told employees in an email Thursday seen by ZebethMedia, as the company readies being public in 12-18 months. (More to follow)

Amazon resumes donations to some 2020 election deniers, just in time for midterms • ZebethMedia

Amazon has quietly mothballed its pledge to stop supporting politicians who refused to certify the 2020 election. The company, like many, said it would suspend donations to those who participated in “the unacceptable attempt to undermine a legitimate democratic process.” 21 months later, however, it has changed its tune — just in time for midterms. […]

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