R|T: The Retail Times – Shopify shake-up

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

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Shopify CTO Jean-Michel Lemieux one of three execs to depart company (BETAKIT)

Chief talent officer Brittany Forsyth and chief legal officer Joe Frasca are also set to step down.


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How Amazon strong-arms partners using its power across multiple businesses (WALL STREET JOURNAL)

A heavyweight in retail, cloud computing, digital advertising, streaming and smart speakers, the tech giant compels vendors in one market to engage with it in others. This report comes at the same time as CEO Jeff Bezos says he doesn’t take comfort from the company’s win against the Alabama unionization vote.


Grab to list in US via $40 bln merger with Altimeter Growth (AP NEWS)

Southeast Asia’s largest ride-hailing company, Grab Holdings, said that it plans to merge with U.S.-based Altimeter Growth Capital in a deal that would value it at nearly $40 billion and allow it to trade on the Nasdaq Stock Market. It’s already considering a second Singapore listing.


Amazon announces $250 million venture fund for Indian startups (TECHCRUNCH)

The announcement comes at a time when the American e-commerce group, which has previously invested more than $6.5 billion in its India business, faces heat from government bodies, and the small and medium-sized businesses that it purports to serve.


Shopify, Ledger named in new class-action lawsuit following 2020 data breach (BETAKIT)

The suit also alleges Shopify and Ledger “negligently allowed, recklessly ignored, and then intentionally sought to cover up” the 2020 breach.


TouchBistro hires financial services veteran Samir Zabaneh to lead restaurant software company’s postpandemic revival (THE GLOBE AND MAIL)

Zabaneh has served as CFO for a variety of companies, including Q9 Networks, Fortress Investment Group, Moneris Solutions, Heartland Payment Systems and Element Fleet Management.


Six ways startups can prepare for financial instability before it happens (BETAKIT)

Xero Canada Country Manager Faye Pang shares her top six tips for what small businesses can do to prepare for financial instability.


Cloud kitchen startup JustKitchen to go public on the TSX Venture Exchange (TECHCRUNCH)

The company says this makes it one of the first — if not the first — cloud kitchen companies to go public in North America.


Dear Canadian founders, your time is now! (BETAKIT)

Damien Steel, Managing Partner and Head of Ventures at OMERS Ventures, shares his thoughts on why there’s never been a better time to be a Canadian founder.


E-commerce company Signifyd raises $205 million in investor funding (WALL STREET JOURNAL)

Its thousands of retail customers include Samsung Electronics Co. Ltd., Rite-Aid Corp. and Boardriders Inc., owner of brands such as Quiksilver and Billabong.


BetaKit Live: Diversity in Cybersecurity (BETAKIT)

Wednesday, April 21, BetaKit is proud to present a BetaKit Live panel in partnership with Microsoft Canada focused on this important conversation: What needs to be done to build and support a diverse cybersecurity ecosystem in Canada?


Grocery delivery workers at Imperfect Foods vote to unionize (VICE)

About 80 delivery drivers unionized at a grocery delivery startup, but the company intends to challenge the results. Meanwhile in Australia, Uber has admitted that their workers make less than minimum wage.


Lightspeed launches payments product in UK, Europe (BETAKIT)

Though Lighstpeed’s e-commerce, point-of-sale, and analytics offerings are already available in the UK and Europe, Lightspeed Payments has, until now, only been available to businesses in the United States and Canada.


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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.