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Montreal’s Potloc announces $13 million CAD Series A originally closed in July(BETAKIT)
Potloc, a startup that conducts market research using geo-targeted surveys, has announced its $13 million in a Series A funding round, closed in July.
How Toronto Cat Rescue is using tech to build a Tinder for foster cats(BETAKIT)
Ahead of the Digital for Good Tech Jam, leaders from Toronto Cat Rescue and Big Brothers Big Sisters of Canada explained how they hope to use tech to support their charities.
Prosus makes $6.3B hostile bid for Just Eat; Just Eat rejects deal in favor of Takeaway merger(TECHCRUNCH)
Prosus’ offer, which works out to 710 pence per Just Eat Share, is 20% higher than Takeaway.com’s offer of 594 pence (which itself was at a premium to Just Eat’s share price).
OLX Group invests $400 million in Berlin-based Frontier Car Group(TECH.EU)
OLX Group, Prosus’ Netherlands-based classifieds business, will invest $400 million in global car marketplace Frontier Car Group (FCG), with the plan to integrate the Berlin-based startup with the OLX corporation.
Ottawa-founded Threekit raises $20 million USD for product visualization platform(BETAKIT)
Threekit, an Ottawa-based product visualization software platform for e-commerce brands, has closed a $20 million Series A round.
Target integrates Shipt’s same-day delivery service into its mobile app(TECHCRUNCH)
Though Shipt is widely known as an online grocery service that competes with Instacart and others, Target is putting the service to work to do more than deliver food and various household items.
Amazon will launch new grocery store as alternative to Whole Foods(CNET)
The company confirmed plans for a new store format after job openings were posted Monday.
Loop raises $10M to enhance eCommerce returns process(PYMNTS)
Ohio-based startup Loop closed a $10 million Series A funding round led by FirstMark Capital with participation by Lerer Hippeau and Ridge Ventures, Loop said in a press release on Tuesday (Nov. 12).
TikTok tests social commerce(TECHCRUNCH)
The short-form video app said it has started to allow some users to add links to e-commerce sites (or any other destination) to their profile biography as well as offer creators the ability to easily send their viewers to shopping websites.
Wayfair adds AR furniture and 3D visualization tools to its apps(ENGADGET)
The app’s new features include View in Room 3D, which lets users take a photo of their room and then see various products added virtually in place.
How the president of Nike Direct plans to boost tech to grow sales at flagship stores(FORTUNE)
Nike is making it clear that its two-year-old “Consumer Direct Offense” initiative, aimed at garnering a bigger percentage of its sales at its own stores, is just getting started, with tech at its center.