The Retail Times is a weekly newsletter covering retail tech news from Canada and around the globe.
Subscribe to R|T using the form at the bottom of this page to ensure you don’t miss out on the most important retail tech news every week!
Even as it expands, Canada Drives faces competition across Canada, including from Toronto-based Clutch.
In the first quarter, Lightspeed saw strong revenue growth amid pandemic reopenings, posting total revenues of $115.9 million USD.
Apeel bites into another $250M funding round, at a $2B valuation, to accelerate fresh food supply chains (TECHCRUNCH)
With the new funding, Apeel has now raised over $635 million since the company was founded in 2012. Prior to this round, the company brought in $250 million in Series D funding in May 2020.
Norway-based on-demand print platform Gelato has raised $240m, pushing its valuation up to $1.05bn.
RainStick’s round was supported by Vancouver-based VC firm Red Thread Ventures and a group of impact angel investors aligned with the water and renewables space.
Dozens of employees from Amazon, Facebook and Google joined Instacart in the past year.
South Korean online secondhand marketplace Danggeun Market raises $162M at a $2.7B valuation (TECHCRUNCH)
The latest funding officially makes Danggeun Market a unicorn, with $205 million total raised.
While its quarterly gains weren’t as strong as 2020’s, several factors impacted Walmart’s sales during this past quarter.
Founded in 2019, Shopistry launched its hosted headless commerce platform earlier this year.
Founded in 2010, Nuvemshop has a network that includes close to 90,000 merchants across Brazil, Argentina and Mexico.
Hopper said it is on pace to achieve 330 percent revenue growth compared to last year, adding that it surpassed its pre-pandemic revenue peak during Q1 2020 by over 100 percent.
Amid the labor shortage, robots step in to make the french fries (WALL STREET JOURNAL)
Fast-food chains are working with a host of startups to bring automation to their kitchens.
Subscribe to The Retail Times
Don’t forget to subscribe to The Retail Times using the form below to make sure it hits your email inbox every week!