R|T: The Retail Times – India’s retail slowdown

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!


BetaKit

Convictional closes $3 million CAD as it looks to disrupt B2B trade

Toronto-based Convictional, a startup with a B2B commerce platform to help vendors manage inventory, has raised a $3 million CAD seed round.


LATEST JOBS

Loopio – Customer Success Manager

TalentMinded – SVP, Global Services

HiMama – Full Stack Engineer

See more jobs and post your own on Jobs.BetaKit (powered by Jobbio).


TechCrunch

India’s Vahdam Teas raises $11M to grow its tea-commerce business in the US and Europe

Vahdam Teas, an India-based e-commerce startup that sells fresh tea in international markets, has closed a new financing round as it looks to expand its presence in the U.S. and Europe.


Robinhood’s newest feature shows financial regulation is working

Robinhood’s revamping of an interest-bearing product demonstrates how the startup quickly responded to the backlash to its poorly-insured checking account.


E-commerce startup Verishop raises an additional $12.5 million

Ex-Snap exec Imran Khan has raised an additional $12.5 million from Rakuten, Lightspeed, and others for his e-commerce startup Verishop.


TechCrunch

Amazon, Walmart confront India’s slowing economy as holiday season growth stalls

Even India’s biggest festive season, featuring blinding marketing blitzkrieg and heavy discounts from Amazon India and Walmart’s Flipkart, has failed to escape the pains of slowing economy.


Eye on retail tech: Meijer rolls out mobile checkout chainwide

Meijer has completed a 15-month initiative to offer “Shop & Scan” retail technology at all 246 of its stores across the Midwest.


FedEx will allow customers to drop off online returns at Walgreens

To enable package returns, FedEx will provide Walgreens stores with printers, so that clerks can print shipping labels provided to consumers through the retailer conducting the return.


TechCrunch

Club Factory raises $100M to expand its lifestyle e-commerce platform in India

Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a new financing round as it looks to expand its footprint in India.


Standard Cognition buys DeepMagic

Standard Cognition, a San Francisco, CA-based autonomous checkout company, acquired DeepMagic, a New York-based startup focused on unattended, automated retail.


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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.