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Convictional closes $3 million CAD as it looks to disrupt B2B trade(BETAKIT)
Toronto-based Convictional, a startup with a B2B commerce platform to help vendors manage inventory, has raised a $3 million CAD seed round.
India’s Vahdam Teas raises $11M to grow its tea-commerce business in the US and Europe(TECHCRUNCH)
Vahdam Teas, an India-based e-commerce startup that sells fresh tea in international markets, has closed a new financing round as it looks to expand its presence in the U.S. and Europe.
Robinhood’s newest feature shows financial regulation is working(QZ)
Robinhood’s revamping of an interest-bearing product demonstrates how the startup quickly responded to the backlash to its poorly-insured checking account.
E-commerce startup Verishop raises an additional $12.5 million(BUSINESSINSIDER)
Ex-Snap exec Imran Khan has raised an additional $12.5 million from Rakuten, Lightspeed, and others for his e-commerce startup Verishop.
Amazon, Walmart confront India’s slowing economy as holiday season growth stalls(TECHCRUNCH)
Even India’s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy.
Eye on retail tech: Meijer rolls out mobile checkout chainwide(RIS)
Meijer has completed a 15-month initiative to offer “Shop & Scan” retail technology at all 246 of its stores across the Midwest.
FedEx will allow customers to drop off online returns at Walgreens(BUSINESSINSIDER)
To enable package returns, FedEx will provide Walgreens stores with printers, so that clerks can print shipping labels provided to consumers through the retailer conducting the return.
Club Factory raises $100M to expand its lifestyle e-commerce platform in India(TECHCRUNCH)
Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand its footprint in India.
Standard Cognition buys DeepMagic(FINSMES)
Standard Cognition, a San Francisco, CA-based autonomous checkout company, acquired DeepMagic, a New York-based startup focused on unattended, automated retail.