Consumers are increasingly gravitating toward online marketplace formats for greater convenience, value and variety, according to a survey of 9,000 consumers around the world. The survey, called “The 2022 State of Online Marketplace Adoption,” was released Thursday by Mirakl, an SaaS platform for engineering online marketplaces, but conducted independently by the Schlesinger Group research firm. Consumers…
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Faire, which has built a marketplace connecting retailers to indie brands globally, has raised a $416 million extension to its Series G financing, more than doubling the size of the round, the company confirmed to TechCrunch today. With the additional capital, Faire is now valued at $12.59 billion post-money, or just under $200 million more…
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The media has reported that the government intends to implement a system of quotas for imports and the rationing of food and fuel. This is the latest in the long list of interventions over the last two years to address the growing balance of payments problems. Similar to previous measures this too only addresses the…
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MANTECA (CBS13) – A Manteca viewer learned the hard way that just because you buy something online with Walmart, it doesn’t mean you’re actually buying a product from Walmart. Thomas Rivera thought he was buying his son a Lego set for Christmas last year, but the day after, realized it wasn’t the authentic brand. It’s…
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Moov, a data-fueled marketplace for used manufacturing equipment, has closed a $41 million Series A funding round led by Tiger Global. Investors joining the round include public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund and existing investors. The San Francisco-based company’s co-founders, Steven Zhou and Maxam Yeung, came up…
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May 31, 2022 Victoria’s Secret has launched a curated digital platform dedicated to third-party brands with a focus on women-led up-and-comers. Of the 19 intimates, lifestyle and swimwear brands featured on the VS&Co-Lab section on VictoriasSecret.com at launch, 75 percent are founded, owned or led by women. The section highlights the stories of the suppliers,…
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Walmart-backed Flipkart is acquiring online pharmacy startup SastaSundar to enter the healthcare segment in India as the e-commerce battle intensifies in the world’s second-largest internet market. Flipkart said it has signed definitive agreements to acquire a majority stake in SastaSundar, but did not disclose the size of the deal. Eight-year-old SastaSundar was last valued at…
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Price Rite Marketplace and Instacart, the leading online grocery platform in North America, today announced that all Price Rite stores are now accepting Electronic Benefits Transfer Supplemental Nutrition Assistance Program (EBT SNAP) as online payment for groceries through Instacart. EBT SNAP will be accepted for Price Rite Marketplace orders placed via Instacart and Price Rite’s…
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