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Lightspeed reports 51% revenue growth in fiscal Q2 2020(BETAKIT)
Lightspeed POS saw a total revenue of $28 million, a 51 percent increase year-over-year.
Wardrobe picks up $1.5 million for a new fashion rental marketplace(TECHCRUNCH)
Wardrobe, a new peer-to-peer fashion rental marketplace, has announced the close of a $1.5 million seed round and its public launch out of beta.
Startup easing ecommerce returns logistics raises investment from Maersk Growth(BENZINGA)
The startup cashes in on the returns logistics economy, helping e-commerce retailers manage their returns without complications.
Accelerator Centre, Amazon collaborating on first Canadian Alexa tech accelerator(BETAKIT)
Applications are officially open for the Accelerator Centre’s Alexa Voice Tech Accelerator program at the University of Waterloo.
Uber founder Travis Kalanick has reportedly raised $400 million for his next act from Saudi Arabia. He’ll be competing directly with his old company.(BUSINESSINSIDER)
Uber’s ousted founder, Travis Kalanick, quietly raised $400 million from Saudi Arabia for his food-delivery startup in January, The Wall Street Journal reported on Thursday.
Uber Eats might start showing ads, too(ENGADGET)
This would be the first time an Uber product includes advertising.
Shopify launches email product to do battle with old partner Mailchimp(BETAKIT)
Shopify announced on Tuesday that the e-commerce company is expanding into the email marketing space.
Fashion-focused e-learning platform Motif raises $2m(TECHINASIA)
Motif, an online knowledge and education hub focused on the fashion and textile industry, has received US$2 million from Hong Kong-based textile-tech startup enabler The Mills Fabrica.
Shopify taps Colin Bodell as VP engineering for Shopify Plus(BETAKIT)
E-commerce company Shopify has announced Colin Bodell will join as the company’s new vice president of engineering for Shopify Plus.
Alibaba spends $3.3 Billion to raise stake in delivery arm(BLOOMBERG)
Alibaba Group Holding Ltd. will spend $3.3 billion to raise its stake in Cainiao, in an effort to exert more control over the logistics subsidiary that underpins its sprawling e-commerce empire.