Enable, a startup selling access to a platform that helps business-to-business (B2B) companies manage their rebate programs, today announced that it raised $94 million in an oversubscribed Series C round led by Insight Partners with participation from Lightspeed Venture Partners, SE Ventures, PSP Growth and HarbourVest Partners. Bringing Enable’s total capital raised to $156 million, […]
Verlinvest, a family-backed, “evergreen”, growth fund investor, that has previously funded a few well-known consumer brands like Oatly, Vita Coco, Tony’s Chocolonely, Who Gives A Crap, Pedego, Chewy.com, Hint & others, is getting into the venture game. After putting around €50m into VC initiatives globally, it’s now embarking on being the kick-starter LP in a […]
Kenzz, an e-commerce platform bringing shopping to the mass market in Egypt and MENA, is announcing that it has raised $3.5 million in seed funding. U.S.-based and MENA-focused venture capital firm Outliers Ventures led the round. Some of the participating investors include HOF Capital, Foundation Ventures, and Samurai Incubate. The company, founded this February by […]
Jane Technologies’ impressive cannabis marketplace is finally available in an app. The company today launched its first iOS app enabling users to browse the inventory of local cannabis dispensaries and make purchases within the app. Its web-based marketplace is lovely, and I’ve found it amazingly accurate, thanks to its live inventory information. I’m thrilled the company […]
Tipping in the U.S. is a critical part of how the wheels turn in the service economy. One service area that’s been very overlooked, however, is the world of last-mile delivery — a service job that falls between the cracks when it comes to tipping because those who deliver products typically don’t work for the […]
Flipkart has launched a metaverse offering for consumers to discover and shop new products, the latest bet from the Indian e-commerce giant as it experiments with web3 offerings to supercharge its customer experience. The Walmart-backed Bengaluru-headquartered firm has partnered with eDAO, a Polygon-incubated firm, to launch the metaverse offering, which it is calling Flipverse. The […]
Clear Capital, a real estate valuation technology company and firm, is laying off 27% of its staff months after freezing mass hiring, ZebethMedia has learned from sources. A spokesperson for Clear Capital confirmed the layoffs to ZebethMedia but did not share the specific number of employees impacted. Last November, the company announced they had 1,400 […]
A data breach from 2018 is putting Shein under the spotlight as the ultra-fast fashion e-commerce platform continues to conquer Gen-Z markets across the world. Zoetop, the firm that owns Shein and its sister brand Romwe, has been fined $1.9 million by New York for failing to properly handle a security incident, according to a […]
Target is the latest national retailer to roll out the ability for customers to pay with their SNAP (Supplemental Nutrition Assistance Program) benefits when shopping for groceries online. While the payment method has long been accepted in stores, online grocery retailers offering curbside pickup and delivery programs have only more recently begun to support the […]
Kenya has the largest and most thriving furniture industry in East Africa, but the sector’s potential is hindered by several challenges among them production inefficiencies and quality concerns, forcing most major retailers to settle on imports. MoKo Home + Living, a Kenya-based home furniture manufacturer and omnichannel retailer, saw this gap and over several years […]
