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Gatik raises $107 million CAD Series B round, announces Texas expansion (BETAKIT)
Along with the funding announcement, Gatik has revealed plans to expand its operations in Texas, where it intends to establish “a long-term presence.”
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Amazon aggregator startups raised over $1bn in Europe in a single day (SIFTED)
As the might of Amazon grows, so do the new wave of aggregator startups.
The Teamsters are coming for Amazon’s tax breaks (VICE)
Communities around the country are uniting to get Amazon warehouse projects and tax breaks around the country cancelled.
Emerge Commerce to acquire BattlBox, Carnivore Club for up to $23.8 million CAD (BETAKIT)
Emerge announced the BattlBox acquisition alongside the company’s Q2 financial results. The company said its revenue growth was driven by its acquisition of truLOCAL in January.
For food delivery services, private label is the next battleground (MODERN RETAIL)
As the food delivery market matures, third-party operators are betting that creating their own, private label meals will help them stand out.
#paid secures $18.9 million CAD Series B round to capitalize on the exploding creator economy (BETAKIT)
“Every major consumer brand today is being built with creators at the core, but the world of brand and creator collaboration is still super messy and broken.”
Instacart goes deeper into digital advertising as grocery delivery slows (WALL STREET JOURNAL)
CEO Fidji Simo is leading Instacart to expand in digital consumer-products advertising, going up against supermarkets and tech giants.
Attabotics files patent infringement claim against Boston-based Urbx (BETAKIT)
Attabotics’ complaint, obtained by BetaKit, alleges that Urbx has and continues to infringe two patents held by Attabotics.
Uber proposes benefits fund pool for Canadian delivery drivers (INSURANCE BUSINESS CANADA)
Uber Technologies has proposed a plan to create a benefits fund pool for all app-based ride-hail and food delivery drivers in Canada.
Chinese tech giant JD.com founder Richard Liu to step back from daily business (WALL STREET JOURNAL)
Chinese e-commerce group JD.com Inc. has named its first president, paving the way for founder and Chief Executive Richard Liu to step back from day-to-day business to focus on longer-term strategy and mentoring young managers.
Shopify, TikTok expand partnership to allow shopping directly through social app (BETAKIT)
Shopify first began partnering with TikTok last fall, allowing United States (US)-based Shopify merchants to advertise and sell products on TikTok’s video-sharing platform directly through Shopify.
Forum Brands secures $100M in debt financing to acquire more e-commerce brands (TECHCRUNCH)
The financing comes just over two months after the startup raised $27 million in an equity funding round led by Norwest Venture Partners.