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Trouva, an online marketplace for independent boutiques, raises $22M

Trouva, an online marketplace for independent boutiques, raises M Amazon helped pioneer and now dominates the online marketplace business model, where a variety of merchants post items for sale on its platform for billions of consumers to discover and buy them. Today, a London startup that’s taken that idea but is applying […]

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Etsy error resulted in large amounts being withdrawn from some sellers’ bank accounts and credit cards

Etsy error resulted in large amounts being withdrawn from some sellers’ bank accounts and credit cards An Etsy bill payment error resulted in large amounts of money being withdrawn from several sellers’ bank accounts and credit cards on Friday morning. While the company says the issue has been resolved and was not the […]

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Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

Distinguished VCs back wholesale marketplace Faire with 0M at a 5M valuation A slew of venture capitalists known for high-profile exits — Kirsten Green of Forerunner Ventures, Keith Rabois of Khosla Ventures, Alfred Lin of Sequoia Capital and Alex Taussig of Lightspeed Venture Partners — have invested in Faire (formerly known as […]

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Easyship, a Stripe for global e-commerce shipping, raises $4M

Easyship, a Stripe for global e-commerce shipping, raises M Easyship, a Hong Kong-based startup that aims to make international shipping for e-commerce as easy as payments, has closed a $4 million Series A round. The company was founded in 2015 by former Lazada duo Tommaso Tamburnotti and Augustin Ceyrac, and ex-banker Paul Lugagne […]

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Etsy will cut 15 percent of its workforce in a new round of layoffs

Etsy will cut 15 percent of its workforce in a new round of layoffs  Etsy has announced its second round of layoffs in as many months. In a statement today, it said it will cut 140 positions, or about 15 percent of its current workforce. When combined with an earlier downsizing announced […]

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