Shopify shares jump after company’s Q3 revenue, profit beat analyst expectations
Cost reductions, fulfillment changes help fuel strong Q3 for Shopify.
Retail
R|T: The Retail Times – Former Shopify leader launches AI imaging tool for merchants
Plus: Shein and Temu call off US legal spats.
Damon Motors revs up to go public on the Nasdaq via reverse merger
The reverse merger will be completed with a UK-based spinoff of Inpixon.
R|T: The Retail Times – How trucking startup Convoy drove itself into the ground
Plus: Post-Hopper, Expedia partners with Air Miles for new travel booking platform.
QuoteMachine adds $3.7 million in new funding to streamline the sales stack for merchants
The Montréal-based startup is led by Lightspeed alumni.
R|T: The Retail Times – Inside the chaos of New York’s Airbnb ban
Plus: Flexport continues weekly cuts with 20 percent workforce reduction.
Restaurant software startup Snappy secures $7-million Series A round
As restaurants continue to digitize, Snappy’s new investor believes the solution is a flexible option for a “fractured…
R|T: The Retail Times – Hopper makes deep staff cuts, pulls back from Asia to pursue profitability
Plus: Canada looks at limiting number of Airbnbs to free up rentals.
R|T: The Retail Times – Shopify takes stake in Faire as company discourages employee side hustles
Plus: Instacart quickly loses its IPO gains.
Healthtech startup Medreddie takes home the first Elevate Women+ Pitch Prize
Medreddie secures funding from The Firehood, Forum Ventures, BDC Capital’s Thrive Lab.
Saskatoon software startups Vendasta, 7shifts, Andgo Systems make layoffs
Vendasta CMO: “Every tech company right now needs to be thinking about profitable growth.”
R|T: The Retail Times – Waabi partners with Uber Freight, Instacart debuts big IPO
Plus: Shopify scores big off of Klaviyo IPO.
Shopify takes stake in Faire as part of new partnership
Shopify merchants will get access to Faire products while Shopify POS becomes Faire’s preferred provider.
UK-based Captain AI will relocate to Canada after closing $2.1 million USD to serve restaurants in North America
GreenSky, Techstars-backed Captain AI already caters to Pizza Pizza.
Waabi partners with Uber Freight to deploy its autonomous trucking tech
Waabi’s self-driving solution has already hit the road in Texas as part of 10-year agreement.