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Shopify reportedly surpasses Amazon in online traffic, heating up race between the e-commerce firms (BETAKIT)
Shopify has reportedly beaten Amazon in a notable metric, online traffic, according to data reviewed by Business Insider.
Toast, Freshworks make strong market debuts (WALL STREET JOURNAL)
Shares of Toast closed up roughly 56%, valuing the company at $35.94 billion. Freshworks’s shares closed up 32%, valuing it at $15.3 billion.
Rebelstork strikes deal with Hudson’s Bay for baby gear resale program (BETAKIT)
The partnership follows the company’s recent $5 million CAD Series A financing round in June, bringing Rebelstork’s total funding to date to $7 million CAD after its $2 million CAD seed round last September.
European Union will force Apple to use the same charger as everyone else (VICE)
A new 18 page directive from the European Commission outlines a beautiful future where everything runs on the same charger.
How buy now, pay later became a $100 billion industry (CNBC)
Millions of shoppers now use a buy now, pay later, or BNPL, service to finance their purchases. And the options are more varied than ever.
Wealthsimple, Clearco top LinkedIn’s Top Startups Canada 2021 list (BETAKIT)
Wealthsimple and Clearco have also both recently raised major funding rounds.
Gig workers are uncertain, scared, and barely scraping by (REST OF WORLD)
The platform work model is reshaping entire economies, sectors, lifestyles, and livelihoods.
WeCommerce announces new hires, including CFO (BETAKIT)
In July WeCommerce secured about $33.7 million in funding following the close of a previously announced bought deal financing.
Mexico’s Kavak drives away with $700M in new funding, doubling its valuation to $8.7B (TECHCRUNCH)
This news is notable for a few reasons. For one, it’s a staggering sum for any startup, much less one based in Latin America.
Duda acquires Quebec-based e-commerce startup Snipcart (BETAKIT)
Its acquisition follows California-based Duda raising $50 million USD from a Series D round funding in June, which brings the company’s total funding to $100 million to date.
DoorDash launches alcohol service, stepping up delivery wars (BNN BLOOMBERG)
DoorDash Inc. is starting a dedicated alcohol delivery service, advancing a push into non-food categories as the battle for on-demand delivery intensifies with Uber Technologies Inc. and Instacart Inc.
Urbx moves to dismiss Attabotics’ patent infringement claim (BETAKIT)
Boston startup Urbx has filed a motion to dismiss Attabotics’ patent infringement lawsuit, arguing the claims laid out in the Calgary-based robotics supply chain firm’s suit lack merit.
Marketplace platform Mirakl raises $555 million at $3.5 billion valuation (TECHCRUNCH)
Some of Mirakl’s clients include ABB, Accor, Airbus Helicopters, Carrefour, Express, Leroy Merlin, The Kroger Co and Toyota Material Handling.