R|T: The Retail Times – RainStick makes it rain

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

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Lightspeed aims to raise $716 million USD through public offering (BETAKIT)

In the first quarter, Lightspeed saw strong revenue growth amid pandemic reopenings, posting total revenues of $115.9 million USD.


Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation (TECHCRUNCH)

The new financing also makes Trendyol Turkey’s first decacorn, and among the highest-valued private tech companies in Europe.


RainStick raises $1 million CAD to commercialize water conservation tech (BETAKIT)

RainStick’s round was supported by Vancouver-based VC firm Red Thread Ventures and a group of impact angel investors aligned with the water and renewables space.


Former Alibaba employee detained in China over sexual assault allegations (SOUTH CHINA MORNING POST)

The announcement came a week after the woman alleged publicly that she was assaulted by her direct supervisor during a business trip in Jinan on July 27.


Bessemer’s State of the Cloud report says MT SAAS is coming for FAANG (BETAKIT)

In a recent Sage Intacct webinar, Bessemer Venture Partners partner Mary D’Onofrio and investor Janelle Teng shared their insights on the state of cloud companies in 2021, and what that means for young SaaS startups.


Car-sharing marketplace Turo files confidentially for U.S. IPO (CNBC)

Turo is the latest to explore going public this year, after a string of debuts including SoftBank-backed Full Truck Alliance, electric-vehicle maker Lucid Group, and Plus, a self-driving truck technology startup.


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

Shopify attributed its GMV growth as the main driver of the company’s merchant solutions revenue, which reached $785.2 million, a 52 percent increase year-over-year.


Rent-to-own startup Divvy Homes raises fresh $200M six months after previous funding (CRUNCHBASE)

Its latest funding comes just six months after it raised a $110 million Series C funding, also led


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.”


Ontario court certifies class action against Uber that could see some workers recognized as employees (CBC)

The law firm and the Ontario man’s class action argues that Uber couriers should be entitled to minimum wage, vacation pay and other protections because they meet the definition of employees under Ontario’s Employment Standards Act.


How virtual care in Canada will change post-pandemic (BETAKIT)

Leaders from MindBeacon, Esplanade Ventures, and TELUS Health MyCare join for a BetaKit Live panel conversation on the future of virtual care.


Biden wants more EVs on roads. What about charging stations? (WIRED)

The president called for 40 percent of new cars to be electric by 2030. But motorists still fret about running out of juice — even if it rarely happens.


When Amazon customers leave negative reviews, some sellers hunt them down (WALL STREET JOURNAL)

Don’t share personal information in reviews or with Amazon sellers; save messages in case you decide to report them.


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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.