R|T: The Retail Times – Amazon failed to protect your data


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Anatomy of an IPO: How Coveo prepared to take itself public (BETAKIT)

Québec City-based Coveo officially closed its Toronto Stock Exchange IPO this week, raising $215 million CAD, after making a strong debut last week amid what has been a mixed market for new Canadian tech issues. BetaKit spoke with Coveo chair and CEO Louis Têtu about how and why the company went public.


Gift now, pay later with Zip this holiday!

Zip Canada just released its 2021 Holiday Spending Report showing that while Canadians may not be ready to travel internationally this season, they’re eager to shop! And younger Canadians are citing payment flexibility as a leading factor in their purchase decision-making process.

Using Zip, shoppers can take advantage of a flexible payment solution that splits their purchase into 4 equal instalments over 6 weeks, interest free. This holiday, consider shopping online with Zip retailers so you can gift now and pay later!

To find out more and see what Canadians are planning on spending, budgeting, and gifting this year, check out Zip Canada’s 2021 Holiday Spending Report!

LTK cofounder Amber Venz Box now one of America’s richest self-made women after Softbank fundraising (FORBES)

Venz Box says the investment is further proof that consumers increasingly want to shop directly through the posts of people whose tastes and values they admire.

Previously bootstrapped, appointment booking solution Booxi raises $1.5 million (BETAKIT)

The company was founded in 2013 by Daniel Laplante, Elie Perez, and Marc-André Bruneau with a mission to “make commerce more human.”

India’s Spinny valued at over $1.75 billion in $280 million funding (TECHCRUNCH)

Spinny, a Gurgaon-based startup that operates a platform to facilitate the purchase and sale of used cars, is the latest firm to become a unicorn in the world’s second-largest internet market.

BetaKit Live: How to drive growth and innovation through impact investing (BETAKIT)

In the next BetaKit Live on Thursday December 2, leaders from TELUS Pollinator Fund for Good, the Global Impact Investing Network, and Gotcare explain the corporate venture capital and impact investing space.

Nykaa’s blockbuster IPO created India’s richest self-made female billionaire — and a role model for women in tech (REST OF WORLD)

Falguni Nayar is an outlier in India’s startup scene, where less than 4% of unicorn founders are female.

Alibaba empowers business units to be more agile as challenges mount (WALL STREET JOURNAL

CEO Daniel Zhang is devolving power to unit presidents as competition grows and big platforms come under pressure in China.

Faire banks $400 million USD Series G at $12.4 billion valuation (BETAKIT)

Kitchener-Waterloo and San Francisco-based retail startup Faire has closed its third major funding round in 13 months. On the heels of its successful European expansion, Faire has secured $400 million USD in Series G financing at a $12.4 billion valuation, nearly quintuple its value following its Series E round last October.

Michael Jordan, Giannis Antetokounmpo lift luxury watch start-up WatchBox to valuation nearing $1 billion (CNBC)

Demand is soaring for luxury watches from companies including Rolex, Patek, Audemars and Richard Mille.

Dax Dasilva on using Lightspeed learnings to address the world’s climate crisis (BETAKIT)

Dasilva, one of the most outspoken CEOs in Canadian tech regarding social issues, stressed the importance of leading by example, embracing discomfort, and giving back during the November Patreon-exclusive BetaKit Live event, titled “Dax Dasilva on making a difference.”

Emerge Commerce enters B2B space with purchase of WholesalePet.com for up to $31.2 million CAD (BETAKIT)

“This acquisition marks our first foray into both the sticky B2B e-commerce space, as well as the pets vertical, one of the fastest-growing segments in the e-commerce sector,” Halazon said.

Workers in Vietnam lived inside factories to keep Samsung’s products on shelves during the pandemic (REST OF WORLD)

As COVID-19 threatened the tech supply chain, some companies, including Apple suppliers, went to extreme lengths to keep their products flowing.

Billdr secures $4 million CAD to build up its home renovation marketplace (BETAKIT)

“The home renovation market is a $300 billion-plus opportunity that’s backward and immensely frustrating for consumers and general contractors alike.”

Amazon’s dark secret: It has failed to protect your data (WIRED)

Voyeurs. Sabotaged accounts. Backdoor schemes. For years, the retail giant has handled your information less carefully than it handles your packages.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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