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eBay acquiring Terapeak to boost its data analytics offering for sellers (BETAKIT)
Upon the close of the transaction, eBay will begin integrating certain functionality from Terapeak — which helps businesses understand what to sell, when to sell it, and at what price based on supply, demand, and pricing data — into its Seller Hub.
DMS Recommends: Build customer loyalty by optimizing your shopping experience (DMS)
Customer acquisition is often the primary goal of growing ecommerce businesses, but customer retention is the real ticket to growth. Loyal customers create a steady revenue stream that’s easier and less expensive to sustain than finding new customers.
Commerce platform iZettle raises $47M at a $950M valuation (TECHCRUNCH)
The commerce platform is based out of Stockholm and competes against companies like Square, Paypal, and SumUp to provide card transactions using smartphones and tablets, as well as related accounting services.
Half of Amazon app users now use new 1-Click Checkout(PYMNTS)
The company also expanded same-day delivery and one-day shipping to thousands more cities.
Shopify Plus and Facebook partner with Vantage on new accelerator to help CPGs embrace ecommerce (BETAKIT)
The accelerator is targeted to CPGs that want to launch an ecommerce store to better reach customers. Facebook, Shopify, and Vantage provide key credits to help accepted companies get started.
Lily raises $2M from NEA and others for a personal stylist service that considers feelings, not just fit (TECHCRUNCH)
To better understand a woman’s personal preferences around fashion, Lily uses a combination of algorithms and machine learning techniques to recommend clothing that fits and flatters.
Target to buy Shipt for $550 million in challenge to Amazon (BLOOMBERG)
The all-cash deal will let Target customers order groceries and other goods online, and then have the items sent directly to their doors from nearby Target stores.
Toronto’s historic Cabbagetown storefronts filled with entrepreneurs embracing tech (BETAKIT)
Local entrepreneurs in Toronto are working to grow their business with tech.
Teabox raises $7M for its global tea-commerce business (TECHCRUNCH)
The company that pioneered the concept of selling tea direct to consumers online has served up $7 million in fresh funding to grow its five-year-old business.
Create more value than you capture: An oral history of Toronto product development(BETAKIT)
BetaKit’s first #longform piece looks back at 15 years of Toronto tech.