R|T: The Retail Times – Lightspeed looks forward

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

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Lightspeed filings signalling potential name change show company thinking beyond POS (BETAKIT)

Earlier this month, Lightspeed signed agreements to acquire two California-based e-commerce firms for a combined total of $925 million.


Hepsiburada valued at $3.9 billion in Turkey’s debut Nasdaq IPO (BNN BLOOMBERG)

Hepsiburada’s share offering comes after it more than doubled revenue during last year’s pandemic lockdowns. Hanzade Doğan Boyner, a scion of the powerful Doğan family in Turkey, continues to hold three-quarters of the voting power in the company, according to the prospectus filed to the SEC.


Loren Padelford, driving force behind Shopify Plus, latest exec to depart company (BETAKIT)

Padelford is the latest in a line of senior leadership departures at Shopify. Most recently Shopify’s managing director of United States West, Lynsey Thornton, left after an eight-year tenure at the company. In April, three major executives left.


Online grocer Rohlik raises €100m and becomes a unicorn (SIFTED)

The Czech online grocery startup is massively ramping up its expansion plans across continental Europe — and thinks there won’t be much that can hold it back.


MaRS’ Yung Wu on the real price of ransomware (BETAKIT)

Every 11 seconds, there’s a ransomware cyberattack against a business. These types of attacks happen even more frequently to individuals.


Bezos’ exit is one of many among Amazon’s top ranks (NEW YORK TIMES)

An unusual number of vice presidents are leaving for prominent jobs at public companies or high-growth startups.


Shopify announces changes to its revenue share model for developers at Shopify Unite 2021 (BETAKIT)

One of Shopify’s most notable announcements from Unite 2021 is how the company is approaching business with its ecosystem of developers.


Etsy acquires Elo7, known as the ‘Etsy of Brazil,’ for $217M (TECHCRUNCH)

On the heels of Etsy’s huge deal to acquire Depop to open the door to more social selling, target younger users and deeply expand in Europe, the crafty marketplace has announced another significant deal to build out its reach, this time in Latin America.


Amazon to open robotics fulfilment centre in Alberta, hire 1,000 workers (BETAKIT)

Amazon is set to open a new robotics fulfilment centre in Parkland County, Alberta that will create more than 1,000 full and part-time jobs.


Logistics company ShipBob raises $200 million (WALL STREET JOURNAL)

ShipBob Inc., a company that helps small and midsize e-commerce companies fulfill orders, has reached a valuation of more than $1 billion with its latest round of funding.


Canadian tech must embrace Indigenous reconciliation (BETAKIT)

While Canada is often viewed globally as a thriving hub within the digital economy, Indigenous communities and practitioners are largely missing from the conversations and spaces about the future ‘smart’ and decentralized technologies.


Investors show no appetite for Chinese online grocery firms that just listed in the U.S. (CNBC)

Investors are concerned about the cut-throat competition in the Chinese market around grocery deliveries and whether these companies will ever become profitable.


Tulip raises $34.4 million CAD Series C round (BETAKIT)

Tulip’s Series C round comes nearly three years after it raised a larger $50 million CAD Series B led by Kleiner Perkins and supported by Jump Capital and other existing investors.


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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.