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Shopify looks to fight climate change, commits $6.6 million to new sustainability fund(BETAKIT)
Shopify’s CEO Tobias Lütke has announced the company will be committing at least $6.6 million CAD ($5 million USD) each year through a new initiative called the Shopify Sustainability Fund.
Syte snaps up $21.5M for its smartphone-based visual search engine for e-commerce(TECHCRUNCH)
Syte, a Tel Aviv startup that works with fashion retailers like Farfetch and River Island, as well as those that sell a wider variety of goods like Argos, Sainsbury’s and Kohl’s, has raised $21.5 million in funding.
Pakistan’s Cheetay raises $7.8 million Series A for its on-demand logistics and ecommerce platform(MENABYTES)
It is the largest-ever Series A raised by a Pakistani startup.
Inabuggy expands grocery delivery service, covering six cities across Canada(BETAKIT)
Toronto-based Inabuggy, whose main offering includes grocery delivery, has launched its delivery service in Edmonton.
DHL expands Africa eShop online retail app to 34 countries(TECHCRUNCH)
DHL has expanded its DHL Africa eShop business to 13 additional markets, upping the presence of the global shipping company’s e-commerce platform to 34 African countries.
Seattle startup Swiftly raises $15.6M, launches supermarket OS to help retailers battle Amazon(GEEKWIRE)
Swiftly raised a $15.6 million seed round to help grocery stores and other retailers up their technology offerings to keep up with Amazon and Walmart.
Shopify acquiring fulfillment platform 6 River Systems for $450 million USD(BETAKIT)
Founded in 2015, 6 River Systems offers cloud-based software and mobile robots called Chuck, which assist humans working in fulfillment centres.
Jack Ma retires from Alibaba as he turns 55. What comes next?(CNN)
After two decades building Alibaba into a $460 billion business, Ma is now pivoting full time to philanthropy.
Bunz locks down employee BTZ wallets as former admins lead mass exodus(BETAKIT)
Following Bunz’s reduction of merchants that can accept its BTZ currency, Bunz Facebook groups have defected from the Bunz brand, rebranding to Palz.
Pomelo raises $52m in Series C from Central Group, Provident Growth Fund, others(DEALSTREETASIA)
Pomelo has raised $52 million in a Series C funding round to fuel the expansion of its omnichannel fashion brand across Asia, according to an announcement.
Simbe raises a $26M Series A for its retail inventory robot(TECHCRUNCH)
The company is one of several looking to automate the process of providing retail inventory.
Stripe to offer a corporate card, joining Brex and others(BLOOMBERG)
Stripe Inc. is launching its own corporate credit card less than one week after the payments processing giant introduced a new lending product.
Lift & Co. launches platform to help cannabis brands learn from customer data(BETAKIT)
Toronto-based Lift & Co. has released a new platform with the goal of being a single source of truth for consumer insights in the cannabis industry.
