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!
Toronto-based food ordering and mobile pickup startup Ritual has reportedly raised $29.8 million CAD ($22 million USD) from existing investors.
Amazon reportedly considering $2 billion stake in Indian telecom operator Bharti Airtel (TECHCRUNCH)
Amazon.com may follow its American peer Facebook’s footsteps in securing a slice of India’s booming telecom market.
Pakistan’s Tajir raises $1.8 million for its B2B ecommerce marketplace that helps mom-and-pop stores source inventory (MENABYTES)
The investment came from San Francisco-based Pioneer Fund, Singapore’s Golden Gate Ventures, Pakistan’s Fatima Gobi Ventures, Pakistan-focused VC Karavan, Dubai-based VentureSouq, and different angel investors (with some from the Middle East).
Fashion e-commerce startup BlackCart raises $2.8 million CAD to fast-track platform launch (BETAKIT)
BlackCart, a Toronto-based fashion and e-commerce startup, is coming out of beta with $2.8 million CAD in new seed funding.
Online used car seller Vroom raises IPO price range (FINANCIAL POST)
Online used car seller Vroom Inc on Friday increased the target range for its U.S. initial public offering, looking to raise up to $375 million, as the IPO market gathers steam after the COVID-19 pandemic put several debuts on hold.
Pinterest continued to combine visual search and ecommerce with its introduction of a Shop tab in the results generated by its Lens visual search tool.
Google Canada is committing $1 million to Digital Main Street’s ShopHERE program, which will be used to expand the program across Canada.
A startup called Portobel is working to help food producers shift their businesses so they can support direct-to-consumer deliveries.
Alibaba.com is rolling out a new program that aims to make it easier for small- and medium-sized businesses (SMBs) to enter the world of global trading.
The Ontario government announced temporary changes to labour laws, hoping to protect employees from permanent layoffs and businesses from potential closures.
These virtual reality services support B2B activities such as trade marketing negotiations, shopper research and training, as well as B2C activities, like virtual reality e-commerce.