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Flipkart leads $60M investment in logistics startup Shadowfax

Flipkart leads M investment in logistics startup Shadowfax Walmart’s Flipkart has backed Shadowfax in a new $60 million financing round as the retail giant works to strengthen its logistics network in the nation. Flipkart led the Series D financing round for the four-year-old Bangalore-based startup, Shadowfax co-founder and chief executive Abhishek Bansal […]

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FedEx robot sent packing by NYC

FedEx robot sent packing by NYC FedEx’s autonomous delivery bot got a cold reception from New York City officials. After the company’s SameDay Bots — named Roxo — popped up on New York City streets last week, Mayor Bill de Blasio and transportation officials delivered a sharp response: Get out. FedEx told […]

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Inside Prosus Ventures’ $4.5 billion bet on India

Inside Prosus Ventures’ .5 billion bet on India Prosus Ventures last week filed a hostile offer for British food delivery startup Just Eat, an attempt to defeat a unanimous rejection from its board and simultaneously fend off a bid from rival Takeaway. The giant Naspers spinoff said it was willing to pay […]

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VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund

VTEX, an e-commerce platform used by Walmart, raises 0M led by SoftBank’s LatAm fund E-commerce now accounts for 14% of all retail sales, and its growth has led to a rise in the fortunes of startups that build tools to enable businesses to sell online. In the latest development, a company called […]

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Amazon now sells movie tickets in India

Amazon now sells movie tickets in India Amazon has set its eye on the next business it wants to disrupt in its key overseas market India: online movie tickets. The e-commerce giant said Saturday it has partnered with local online movie ticketing giant BookMyShow to introduce booking option on Amazon India shopping […]

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Walmart and Green Dot to jointly establish a new fintech accelerator, Tailfin Labs

Walmart and Green Dot to jointly establish a new fintech accelerator, Tailfin Labs Walmart announced today an expansion of its existing relationship with financial services provider Green Dot, which will continue to serve as the issuing bank and program manager for the Walmart MoneyCard program for another seven years. The two companies […]

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Walmart’s Flipkart confirms it is entering the food retail business in India

Walmart’s Flipkart confirms it is entering the food retail business in India India’s Flipkart is entering the food retail business as the e-commerce giant looks to expand its reach in the nation, its chief executive said on Tuesday. Flipkart, which sold majority stake in the company to Walmart for $16 billion last […]

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Uber to acquire grocery delivery startup Cornershop

Uber to acquire grocery delivery startup Cornershop Uber will acquire Cornershop, a grocery delivery startup that began life serving the Latin American market and recently shifted to offer service in Toronto, its first North American city. Uber announced on Friday that it expects that its acquisition of a majority ownership stake in […]

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Contentstack raises $31.5M Series A round for its headless CMS platform

Contentstack raises .5M Series A round for its headless CMS platform Contentstack, a startup that offers a headless CMS platform for enterprises, today announced that it has raised a $31.5 million Series A round led by Insight Partners. Existing investors Illuminate Ventures and GingerBread Capital also participated in this round. The company […]

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Roku to launch low-cost versions of its soundbar and subwoofer under Walmart’s onn brand

Roku to launch low-cost versions of its soundbar and subwoofer under Walmart’s onn brand Roku will produce lower-cost versions of its new Smart Soundbar and Wireless Subwoofer for Walmart under the retailer’s own onn brand, the company announced this morning. While already Roku offers distinct versions of some of its streaming media […]

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