R|T: The Retail Times – Shopify circles the wagons

Plus: Boxhub closes Delivery Hero CEO-led $2.7 million seed round.

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Shopify proposes governance changes to protect CEO Tobi Lütke’s voting power (BETAKIT)

If approved by shareholders, the proposal will modernize Shopify’s governance structure and allow Shopify to remain “mission-driven and merchant-obsessed” while sustaining an innovative culture, the company said.


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Canada’s Viral Nation raises $250-million from Eldridge and John Ruffolo’s Maverix to grow influencer marketing business (THE GLOBE AND MAIL)

John Ruffolo’s Maverix Private Equity has made its first deal, joining U.S. billionaire Todd Boehly to invest in a Canadian company that has become a big player in the online influencer space.

Boxhub closes Delivery Hero CEO-led $2.7 million seed round (BETAKIT)

Boxhub’s financing also saw participation from Conrad Whelan, founding engineer of Uber; David Helgason, founder of Unity Technologies; and Innoport; as well as angel investors Esther Dyson and Charlie Songhurst, among others.

What businesses are getting wrong about SR&ED tax credit claims (BETAKIT)

The Canadian Government Scientific Research and Experimental Design (SR&ED) program was created to support and reward investments by businesses in innovation. Yet many businesses aren’t utilizing the program to its full potential, and therefore they miss out on all that SR&ED can offer.

India’s Rapido Reportedly Raises $180M In A Series D Round Led By Swiggy (CRUNCHBASE)

The new round of funding brings Rapido’s valuation to more than $800 million, TechCrunch reported. Rapido, which was founded in 2015, last raised money with a Series C round in August 2021.

Gopuff Does Deliveries in 30 Minutes or Less. It’s Also Buying Time for Itself. (NEW YORK TIMES)

The $15 billion rapid-delivery start-up decided to do business differently from rivals like Instacart. A changing environment is testing its model.

Amid NFT boom, Liquid MarketPlace aims to turn physical sports and Pokémon cards into tokens (BETAKIT)

While Dapper is partnering with sports leagues across the world to create digital collectibles, other companies are looking to leverage the same underlying tech to offer fractional equity stakes in actual sports trading cards and other rare physical assets.

Amazon CEO Andy Jassy says the company’s injury rate is ‘misunderstood.’ We found it’s higher than he says (BUSINESS INSIDER)

Amazon CEO Andy Jassy pushed back against critics of Amazon’s workplace safety in his first letter to shareholders as regulators, legislators and labor activists push Amazon to address the company’s high injury rates. Amazon warehouse workers are twice as likely to get hurt on the job as non-Amazon warehouse employees, federal workplace safety data shows.

The five things every Security Operations Centre manager needs to know (BETAKIT)

Security looks different for every startup. This is where the security operations centre (SOC) manager comes in. The focus of an SOC manager is broad risk mitigation: ensuring regulatory and legal compliance, controlling business-essential risks such as encryption or personally identifiable information (PII) protection, and balancing taking action to lower risk with both company risk tolerance and available resources.

Here’s why Airbnb’s 2019 acquisition of HotelTonight could be key to its post-pandemic playbook (CNBC)

Like many mobile-first, on-demand service-based companies started in the early 2010s, HotelTonight saw similarities with two of the biggest disruptors in that category.

Singapore’s Zilingo Is Said to Suspend CEO Amid Investigation (BNN BLOOMBERG)

Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company’s accounting, according to people familiar with the matter.

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Cameron Chaddad

Cameron is a fourth-year journalism student at Carleton University, with a minor in business. Originally from Ottawa, ON, his family roots are both Italian and Lebanese.

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