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Clearbanc launches free platform to help startups determine their valuation (BETAKIT)
Toronto-based Clearbanc has launched a new platform that allows founders to determine the valuation of their startup.
This startup reworked its privacy-friendly sensors to help battle COVID-19 (TECHCRUNCH)
Butlr, a spin-out of the MIT Media Lab, uses a mix of wireless, battery-powered hardware and artificial intelligence to track people’s movements indoors without violating their privacy.
Shopify partners with lending startup Affirm so customers can pay in installments (THE GLOBE AND MAIL)
Lending startup Affirm said on Wednesday it will partner with Shopify Inc in the United States to let the Canadian e-commerce company’s shoppers pay in installments.
Retail sales on pace to recover after 18.7 per cent surge in May, says StatCan (BLOOMBERG)
Economists on average had expected an increase in May of 20 per cent, according to financial markets data firm Refinitiv.
Amazon met with startups about investing, then launched competing products (WALL STREET JOURNAL)
Some companies regret sharing information with tech giant and its Alexa Fund; ‘we may have been naive’.
Hundreds of thousands of Instacart customers’ personal data is being sold online (BUZZFEED NEWS)
Names, credit card data, addresses, and information on transactions as recent as yesterday are being sold online.
What safe shopping looks like during the pandemic (HARVARD BUSINESS REVIEW)
Given this uncertainty as well as the challenges of finding a “one-size-fits-all” set of guidelines, here we describe three general principles to help retailers implement social distancing.
Misfits Market raises $85M Series B to grow online grocery platform (CRUNCHBASE)
Food delivery service Misfits Market announced an $85 million Series B funding Wednesday that will help the 2-year-old startup deliver organic, affordable groceries and fight food waste.
Flipkart to acquire Walmart India’s wholesale business (ECONOMIC TIMES)
The move by Walmart to consolidate the retail units will boost Flipkart’s ambitions in grocery retailing.
Jeff Bezos, Amazon go window shopping; may buy strategic stake in Mukesh Ambani’s Reliance Retail (TIMES NOW NEWS)
Amazon is in preliminary conversations with RIL to buy a 9.9% stake in Reliance Retail. But, Facebook & Google’s investments in Jio are a big concern for Amazon.
