R|T: The Retail Times – Blue Apron in the red

The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.

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BetaKit

Shopify joins Facebook’s Libra Association after group sees several key departures

Shopify is the latest company to join Libra Association, Facebook’s new cryptocurrency initiative.


RECOMMENDED BY CALGARY ECONOMIC DEVELOPMENT:

Calgary-based fintech companies participating in inaugural financial accelerator

A new accelerator program focused on addressing the financial needs of Canadians is kicking off its inaugural cohort, and two of the four attendees are Calgary-based companies.


TechCrunch

Shogun raises $10M to help e-commerce brands build faster websites

Amazon may have a market cap of more than $1 trillion, but Finbarr Taylor, CEO of Y Combinator-backed startup Shogun, said the e-commerce giant is “kind of dropping the ball.”


Teikametrics raises $15M in funding

Teikametrics, a Boston, MA-based SaaS provider of AI-powered optimization for brands and sellers on Amazon and Walmart, closed a $15m strategic funding.


Blue Apron considers selling itself as it bleeds customers

The company’s customers dropped from about 557,000 at the end of 2018 to 351,000 a year later — that’s a drop of nearly 37 percent in the space of a year.


TechCrunch

Liquid Death raises $9M to make canned water cool

It sounds like Liquid Death has won over investors with its promise to “murder your thirst.” The startup is announcing that it’s raised $9 million in Series A funding.


India-based B2B ecommerce startup MaxWholesale raises $3m

MaxWholesale says it has partnered with over 150 fast-moving consumer goods companies to help kirana stores discover the best price and scheme to buy products for selling.


Etailz raises $25M in debt funding to help companies sell on big e-commerce platforms

Spokane, Wash. e-commerce company etailz, which helps brands sell on huge platforms run by companies such as Amazon, Walmart and eBay, just raised $25 million.


TechCrunch

GGV Capital says mom-and-pop shops can boost e-commerce in emerging markets

Despite the rapid growth of e-commerce in India, Southeast Asia and other emerging markets, the vast majority of retail transactions there still happen offline in small stores that also serve as neighborhood hubs.


Pakistani online grocery startup MandiExpress raises $725k

MandiExpress takes a data-driven approach to fulfillment of B2B and B2C fresh produce orders.


Trax acquires European image recognition startup Qopius to expand digital retail presence

Trax offers vision and analytics solutions for retail whereas Qopius provides AI-based in-store technology solutions. Both companies are focussed on digital retailing services.


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Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.