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Cardlytics up 3% following IPO, raised $70 million
Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of America and 2,000 others to run cash back programs. It partners with brands across restaurant, retail, travel, grocery and home subscription categories… Read More
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Amazon said to launch delivery service to compete with UPS and FedEx
Amazon is gearing up to compete directly with UPS and FedEx, according to a new Wall Street Journal report. The so-called “Shipping with Amazon” program will be an end-to-end shipping solution, with pickups from businesses and shipments made to consumers, per the report. The timeframe for rollout is soon, too: Amazon is said to be readying the service for its first launch in LA in… Read More
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Same-day delivery service Deliv launches Deliv Rx for same-day prescriptions
Deliv, the crowdsourced same-day delivery service which today partners with retailers like Macy’s, Best Buy, Petsmart and Walmart on various initiatives, today announced a new service to offer same-day delivery of prescription medications. At launch, Deliv Rx, as the service is being called, will power same-day delivery of prescriptions for select Walgreens, as well as Kay Pharmacy… Read More
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TapCommerce’s founders are back with Attentive, a messaging startup that’s raised $13M
Attentive is coming out of stealth today with the announcement that it’s raised $13 million in Series A funding. The company was founded by Brian Long and Andrew Jones. They previously founded TapCommerce, a mobile ad startup that was acquired by Twitter for a reported price of $100 million. Long and Jones both worked at Twitter for a couple of years before leaving to start something… Read More
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Sheerly Genius launches indestructible pantyhose made with fiber found in bulletproof vests
Never did I ever think I’d be writing about a technology and science-driven pantyhose company, but here I am. Intrigued by a pitch that described them as made with the same type of fiber found in bulletproof vests and climbing equipment, I quickly jumped on the opportunity to speak with Sheerly Genius founder and CEO Katherine Homuth. Turns out they’re not bulletproof, but they… Read More
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Echo Look to dole out fashion advice from Vogue and GQ
Amazon’s Echo Look may not be the best-selling device from the Echo lineup of Alexa-powered smart speakers, but those who purchased the camera/smart speaker combo likely have a high interest in fashion, accessorizing, and shopping. That’s why Condé Nast’s Vogue and GQ are now working with Amazon to insert fashion recommendations into the companion app for Echo Look users… Read More
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At last an end to geoblocking in Europe? Nope, not by a long chalk…
Hold your horses. Geoblocks for stuff like Netflix and Spotify are still not being vanquished in this round of EU Digital Single Market regulation chess… Read More
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Amazon reports nearly $2 billion in profit, blowing past Wall Street expectations for holiday quarter
Amazon reported quarterly financials after the bell Thursday for its fourth quarter, the all-important holiday season for the e-commerce giant. And its numbers had some people doing a double take, after earnings per share came in at $3.75, more than double the $1.85 that analysts surveyed by Yahoo Finance were estimating. Net income was $1.9 billion for the quarter. For the full 2017 year… Read More
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Snapchat’s new Snap Store teases in-app commerce potential
Snap Inc. just launched a merchandise store. The goal isn’t to make money yet, but it proves the potential for an in-app commerce platform for other brands. Read More
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Amazon is experimenting with its own QR code style ‘SmileCodes’
QR code style markers — those lil’ barcode-looking boxes you’ll see on ads from time to time, meant to be scanned with your phone to launch some website or app — have yet to really find their footing in the U.S. But that’s not going to keep Amazon from taking a stab at it. Amazon is rolling out its own take on the concept and calling them “SmileCodes.” Read More
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Amazon’s Treasure Truck shows up at Whole Foods with a cheaper Instant Pot, grocery coupons
Amazon Treasure Truck, the retailer’s deals-on-wheels program that is literally a truck driving around with discounted products you can buy online and pickup in person, will now be popping up at Whole Foods. The companies announced today that Treasure Truck will start coming to Whole Foods stores with new offers, starting with today’s deal on the popular kitchen item, Instant… Read More
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Warby Parker launches pilot program for kids’ frames
Warby Parker has been around for seven years, but today the company is finally unveiling a new product category. In a 12-week pilot program, Warby Parker is now offering kids’ frames to folks in the NYC area. The company is pulling from some of its most popular frames, shrinking them down to fit kids 8 years and up (Jr.) and kids ages 4-7 (Jr. Jr.). But why not go big with the launch… Read More
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Voicelabs launches Alpine to bring retailers to the voice shopping ecosystem
Voicelabs, a company that has been experimenting in the voice computing market for some time with initiatives in advertising and analytics, is now pivoting its business again – this time, to voice-enabled commerce. The company is today launching its latest product out of stealth: Alpine.AI, a solution that builds voice shopping apps for retailers by importing their catalog, then layering… Read More
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Goxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia
Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing. The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops selfie apps and selfie-optimized phones, with participation from Hong Kong conglomerate Nan Fung Group via its inaugural Mills Fabrica Fund. Others who took part include a trio of young female… Read More
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Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in U.S.
Walmart today announced a major expansion in terms of its global e-commerce presence: the retailer is entering a strategic partnership with Tokyo-based Rakuten, which will see the companies collaborating on the launch of a new online grocery service in Japan, and the sale of e-readers, audiobooks and e-books in the U.S., via Rakuten-owned Kobo. The strategic alliance is one that has two of… Read More
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Google expands controls to let you mute those annoying ads that follow you on every site
At first, it may seem an odd move. Google makes money on its ads business, and giving advertisers free rein to stalk you on every site seems really good for companies hoping to remind you of that thing you checked out one time. But the search giant wrote in a blog post out today that it wants to give you, the consumer, more transparency and control. Read More
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Sotheby’s acquires Thread Genius to build its image recognition and recommendation tech
Every company today is a tech company, a maxim that was proven out today when one of the world’s oldest and biggest art auction houses acquired an AI startup. Sotheby’s has bought Thread Genius, which has built a set of algorithms that can both instantly identify objects and then recommend images of similar objects to the viewer. You can see some examples of how it works… Read More
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Privateer closes $100M round at $600M+ valuation to invest in cannabis startups
It’s high times for the marijuana industry, which has been flourishing in recent years as more regions move to decriminalise the use of it for medical and other purposes. Now, Privateer Holdings, one of the big investors in the space, has raised $100 million to back more cannabis startups and capitalise on that trend. This Series C brings the total raised by Privateer to $200 million… Read More
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