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Lightspeed acquires ReUp, rebrands it to Lightspeed Loyalty (BETAKIT)
Lightspeed now has a loyalty solution integrated and geared towards apparel boutiques, pet stores, quick service establishments, and fine dining restaurants.
DMS Recommends: Want to upgrade your in-store experience? Here’s what you can do (DIGITALMAINSTREET)
It’s clear people still want to shop in stores. So how can brands keep customers coming back? Here are a few ways to ensure your physical locations remain crucial assets for your business.
Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy (TECHCRUNCH)
Chinese discount e-commerce service LightInTheBox has closed its acquisition of Singapore-based Ezbuy, which operates a cross-border selling service in Singapore, Malaysia, Indonesia, Thailand, and Pakistan.
Postmates unveils its adorable autonomous delivery robot (ENGADGET)
Serve looks a bit like Wall-E, but for bringing your lunch to the office.
Chinese fresh produce social commerce site Fresh Buddy secures $100M (DEALSTREETASIA)
The funding round was led by Genesis Capital and backed by SIG China, DCM Ventures, and Vision Plus Capital.
Bowery, an indoor farming startup, raises $90 million more, including to counter a SoftBank-funded rival (TECHCRUNCH)
The funding was led by GV, with participation from Temasek, Almanac Ventures, and others.
Faire raises $133 million CAD with Lightspeed Venture Partners and Y Combinator (BETAKIT)
Faire’s investors now include DST, Founders Fund, Sequoia Capital, Forerunner Ventures, and Khosla Ventures.
Online liquor store Drizly just landed $34.5 million in fresh funding (TECHCRUNCH)
The Drizly app shows shoppers different prices on the beer, wine and liquor that they’re looking for at local shops, along with different delivery or pick-up options.
Celect raises $15 million to help stores predict sales with AI (VENTUREBEAT)
The round was led by NGP Capital and existing investor Fung Capital.
China’s JD.com teams up with Intel to develop ‘smart’ retail experiences (TECHCRUNCH)
JD and Intel said today that they will set up a “lab” focused on bringing Internet-of-Things technology into the retail process. That could include new-generation vending machines, advertising experiences, and more.
Toronto’s only food startup incubator to shut down due to lack of funding (CBC)
Food Starter said in an email to its clients that the last day for processing at its facility would be Dec. 21 and that its 160 tenants would have to move out of its 20,000-square-foot plant as early as Dec. 31.
Indonesia e-commerce leader Tokopedia raises $1.1B from Alibaba and SoftBank’s Vision Fund (TECHCRUNCH)
The nine-year-old C2C marketplace is now valued at $7 billion.
