R|T: The Retail Times – Lightspeed accelerates

Lightspeed NYSE

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

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Lightspeed sees Q1 2022 revenues surge as economies reopen (BETAKIT)

Lightspeed attributed the increase in revenues to strong organic growth, and the recent acquisitions of ShopKeep, Upserve, and Vend, which contributed $50.5 million in revenue.


Big win for Amazon over rival Reliance in India top court battle (AL JAZEERA)

India’s Supreme Court blocks $3.4-bn deal struck by Reliance as the battle to dominate country’s retail sector intensifies.


How KitchenMate evolved its foodservice product for the post-pandemic workplace (BETAKIT)

“Offices need to accommodate higher safety requirements … and food service must be completely rethought as a result.”


China’s antitrust regulator planning to fine Meituan about $1 billion (WALL STREET JOURNAL)

The penalty for allegedly abusing its dominant market position could be announced within weeks, people familiar with the matter say.


Shopify surpasses $1 billion quarterly revenue milestone in Q2 2021 results (BETAKIT)

Recently Shopify has also ramped up its investment efforts, buying stakes in Loop and Stripe.


Paystone secures $30 million from Crédit Mutuel Equity as part of plan to expand beyond North America (BETAKIT)

The all-equity round comes about six months after Paystone raised $69 million CAD from the Canadian Business Growth Fund and National Bank of Canada, and brings Paystone’s total institutional funding to $99 million.


India’s Infra.Market valued at $2.5B in Tiger Global-led $125M funding (TECHCRUNCH)

Tiger Global, which led the startup’s Series C round in February this year, has led the $125 million Series D financing round in the five-year-old startup.


Bluecore lands $125M Series E on $1B valuation as e-commerce personalization grows (TECHCRUNCH)

The company was founded in 2013, and has been able to evolve the notion of personalization since then in a significant way.


Two big Asian tech IPOs surge on market debuts (WALL STREET JOURNAL)

Online businesses across the region are enjoying rapid growth, fueling investor appetite.


Following rebrand, Notch raises $12.5 million CAD (BETAKIT)

The raise comes on the heels of some major changes for the startup, which rebranded from ChefHero following a pandemic-fuelled pivot.


Amazon faces wider fight over labor practices (NEW YORK TIMES)

A second union vote may be held at an Alabama warehouse, and new tactics by the Teamsters and other groups aim to pressure Amazon across the country.


Alibaba navigates speedbumps as it eyes global expansion (MODERN RETAIL)

Alibaba is attempting to diversify its revenue streams after a quarter full of legislative and regulatory challenges.


Apple, Affirm to join on buy now, pay later for Canadian purchases (BNN BLOOMBERG)

Apple Inc. and Affirm Holdings Inc.’s PayBright are planning to launch a “buy now, pay later” program for Apple device purchases in Canada, stepping up the iPhone maker’s ambitions to offer more financial services.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.