Meesho, a leading e-commerce startup in India with about 150 million transacting users, has secured $275 million in a new funding round, it disclosed in a securities filing. […]
Jumia is back, growing total sales and orders in Q1 2024
Jumia’s revenue and gross merchandise volume showed growth despite a decrease in quarterly active customers, according to its Q1 2024 report. Revenue increased by 19% year-over-year (57% in […]
Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs
Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, […]
MarketForce winds down its B2B e-commerce arm
Kenyan B2B e-commerce company MarketForce is winding down its B2B e-commerce business that served informal merchants (mom-and-pop stores) after a turbulent two-year period that saw it scale down […]
Turkish startup ikas attracts $20M for its e-commerce platform designed for small businesses
It’s easy to assume the e-commerce ship has sailed when you consider we have giant platforms like Shopify, Woocommerce, and Wix dominating the sector. But e-commerce’s field remains […]
eBay introduces AI-powered ‘shop the look’ features
eBay, joining the likes of Google and Amazon, is adding an artificial intelligence tool to help shoppers on its iOS app.
Amazon quietly launches Bazaar to sell fast-fashion and lifestyle products in India
Amazon has quietly introduced a “special store” called Bazaar in India, featuring affordable and trendy fashion and lifestyle products, as it ramps up efforts against Walmart-owned Flipkart and […]
African B2B e-commerce giant Wasoko marked down to $260M after VC halves stake
VNV Global, a Swedish investment firm that backs startups in mobility, health and marketplaces, slashed the value of its holding in Wasoko, an African B2B e-commerce startup, by […]
Farm to Feed is cutting food loss and creating data platform to better farm outcomes
Globally, a third of the food produced is lost or wasted, and in Kenya, that figure stands at between 20% to 40%. For Kenya, unlike the developed world, […]
What African B2B e-commerce startups can learn from OmniRetail’s profitable run
Save for fintech and cleantech, B2B e-commerce and retail was the leading destination for venture capital dollars over the last five years. The premise of digitizing the continent’s […]