LinkedIn News

Health Insurance

Media & Entertainment

Customer Success

Biotech & Health

Education Technology

Human Resources

Telecommunications

Music Streaming

Entrepreneurship

Cloud Computing

Web Development

Renewable Energy

Renewable Power

Consumer Technology

Agriculture Tech

Machine Learning

Software Development

Environmental Health

Mergers and Acquisitions

Business Development

Government & Policy

Electric Vehicles

Linktree Unveils New Monetization Features for Creators to Boost Earnings

Linktree Unveils New Monetization Features for Creators to Boost Earnings

Linktree has launched a suite of monetization tools designed to empower creators in generating income directly from their profiles. These features include the ability to sell courses and digital products, earn from brand-sponsored links, and build shoppable storefronts. By partnering with Kajabi, creators can now offer courses on various topics, while the new shop feature allows them to earn commissions from partner brands. Additionally, Linktree's 'Rewards' program offers incentives for creators, further enhancing their earning potential. This initiative aims to support Linktree's over 70 million users in achieving sustainable incomes.

Created at: April 23, 2025 1:30pm

Ather Energy Slashes IPO Size to $308M Amid Market Conditions

Ather Energy Slashes IPO Size to $308M Amid Market Conditions

Ather Energy, an Indian electric two-wheeler startup, has reduced its IPO size by 18% to ₹26.26 billion ($308.3M) as indicated in its recent draft prospectus. The Bengaluru-based company aims for a post-money valuation of $1.4 billion, down from its previous target of $1.5 to $2 billion. Ather plans to utilize ₹9.27 billion for a new facility in Maharashtra and allocate ₹7.5 billion for R&D. The startup recorded a 21% sales increase in 2024, achieving a 10.7% market share. Bidding opens on April 28, with major stakeholders participating in the IPO.

Created at: April 22, 2025 4:00pm

Airbnb Now Displays Total Price Including Cleaning Fees by Default

Airbnb Now Displays Total Price Including Cleaning Fees by Default

Airbnb has announced a significant update where users will now see the total price of listings, including cleaning fees, by default on the app. This change aims to eliminate surprises when confirming bookings, as previously, additional fees were not displayed until reservation finalization. While the new feature enhances transparency, Airbnb clarifies that local taxes are still excluded from the total displayed price. This update is part of Airbnb's ongoing efforts to improve user experience, which includes features like smart lock codes and AI-powered messaging for property owners.

Created at: April 22, 2025 4:30am

Flipkart Relocates HQ to India Ahead of IPO Plans

Flipkart Relocates HQ to India Ahead of IPO Plans

Flipkart, Walmart's Indian e-commerce subsidiary, is set to move its headquarters back to India from Singapore in preparation for an IPO on Indian stock exchanges. The company emphasized that this shift aligns with its core operations and the potential of the Indian economy. Originally headquartered in India, Flipkart moved to Singapore in 2011 for investment benefits. The startup anticipates filing for its IPO next year, although the timeline remains unspecified. This decision follows a trend among Indian startups relocating to India amid a supportive valuation environment for public listings.

Created at: April 21, 2025 7:30pm

Amazon Chinese Sellers Face Price Hikes Amidst Tariffs

Amazon Chinese Sellers Face Price Hikes Amidst Tariffs

Chinese sellers on Amazon are grappling with significant price increases due to tariffs imposed by the Trump administration, which now stand at 145%. A trade association representing over 3,000 merchants stated that they must either exit the U.S. market or raise their prices to survive. Some sellers are opting to leave, while others are adjusting their pricing strategies. Amazon CEO Andy Jassy warned that U.S. consumers will ultimately bear the brunt of these changes. The situation highlights the broader impact of tariffs on both Chinese businesses and U.S. buyers.

Created at: April 19, 2025 8:00pm

Taobao Surges to Top 5 in U.S. App Store Amid Tariff-Driven Shifts

Taobao Surges to Top 5 in U.S. App Store Amid Tariff-Driven Shifts

Chinese shopping app Taobao has jumped into the Top 5 of the U.S. App Store, coinciding with a significant rise in consumer interest following President Trump's tariffs on imports from China. Downloads of Taobao increased by 514% in April, reaching approximately 185,000, as U.S. consumers look for alternatives to pricier platforms like Shein. TikTok videos highlighting direct purchases from Chinese manufacturers have fueled this trend. Taobao's climb from No. 49 to No. 2 in the shopping category reflects changing shopping habits, despite ongoing concerns about quality. Users are advised to review sellers before buying.

Created at: April 17, 2025 8:00pm

Shein and Temu to Increase Prices Amid Tariff Changes Affecting U.S. Market

Shein and Temu to Increase Prices Amid Tariff Changes Affecting U.S. Market

Shein and Temu will raise prices for U.S. customers starting April 25, 2025, in response to President Trump's new tariffs on Chinese goods. The 145% tariff, along with the elimination of a customs exemption for products under $800, is disrupting their business models. Both companies have gained popularity due to their low prices and influencer marketing. Amazon views them as significant competitors, prompting the launch of Amazon Haul. Despite the price hike, Shein and Temu are assuring customers that orders will remain timely and they are working to minimize disruptions.

Created at: April 17, 2025 2:00pm

Chinese TikTokers Spark Panic Among US Shoppers Over 'Luxury' Products

Chinese TikTokers Spark Panic Among US Shoppers Over 'Luxury' Products

A viral trend on TikTok is causing concern among American consumers as Chinese suppliers claim to offer luxury products at significantly lower prices. Videos suggest that brands like Louis Vuitton and Hermès are manufacturing goods in China for a fraction of retail costs. This has led many shoppers to consider purchasing directly from these sources, believing the claims to be true. However, brands like Birkenstock maintain their products are 'Made in Germany.' The phenomenon raises questions about authenticity and branding in the luxury market, especially amidst ongoing tariffs impacting trade.

Created at: April 16, 2025 10:00am

Apple's Earth Day Promo: Trade Old Accessories for Discounts!

Apple's Earth Day Promo: Trade Old Accessories for Discounts!

Apple is launching an Earth Day promotion enabling customers to trade in old accessories for discounts up to 10% on new purchases. Users can participate by bringing eligible items like AirPods, Apple Pencil, and Apple Watch bands to their nearest Apple store. However, items like data cables and power bricks are excluded from the trade-in program. While users can earn discounts, the maximum allowable discount is capped at $20. This initiative supports Apple's recycling campaign and enhances its existing trade-in program for various devices, including Android models.

Created at: April 16, 2025 2:30am

DHgate Soars to Top U.S. App Amid Trade War Buzz

DHgate Soars to Top U.S. App Amid Trade War Buzz

As the U.S. trade war escalates, the Chinese e-commerce app DHgate has surged to become the No. 3 free iPhone app in the U.S. App Store. This spike follows TikTok videos revealing that many luxury goods perceived as European are actually manufactured in China. DHgate saw a 56% increase in downloads, with 117,500 installs on Sunday alone, marking a staggering 732% rise from its 30-day average. Users are increasingly drawn to the app for direct access to Chinese suppliers. The trend underscores America's dependence on Chinese manufacturing despite ongoing tariffs.

Created at: April 14, 2025 7:30pm

Amazon Drivers Trained to Save Lives with Defibrillators

Amazon Drivers Trained to Save Lives with Defibrillators

Amazon is evolving from a retail giant into a healthcare contender by equipping delivery vans with defibrillators and training drivers in CPR. This initiative, named Project Pulse, was piloted in cities like London and Amsterdam, where over 100 drivers participated. They responded to emergencies alerted by citizen responder apps, demonstrating Amazon's commitment to leveraging its logistics network for healthcare. Although the program is currently under evaluation, it reflects Amazon's ambitions to reshape healthcare delivery amidst competitors retreating from primary care. This could enhance Amazon's public image while expanding its healthcare footprint.

Created at: April 13, 2025 3:00am

Startups Revolutionizing Laundry Services Attract Major Investments

Startups Revolutionizing Laundry Services Attract Major Investments

Innovative laundry startups are gaining traction as investors flock to fund their services. NoScrubs, an 11-month-old company, has secured $2 million in pre-seed funding led by Initialized Capital for its on-demand laundry delivery in Austin. Meanwhile, Rinse, dubbed the 'Uber of laundry,' raised $23 million in Series D funding to expand its operations across major U.S. cities. Both companies aim to streamline laundry processes, with NoScrubs promising rapid turnaround times and Rinse focusing on employee-based service. The laundry market is projected to grow, presenting opportunities for multiple players.

Created at: April 9, 2025 3:30pm

Lyst Acquired by Japan's Zozo for $154M Amid E-Commerce Challenges

Lyst Acquired by Japan's Zozo for $154M Amid E-Commerce Challenges

Lyst, the high-end fashion marketplace once valued at $700 million, has been acquired by Japan's Zozo for $154 million in cash. The acquisition allows Zozo to expand its international portfolio while Lyst will operate as a standalone business with its CEO, Emma McFerran, remaining at the helm. The deal comes as Lyst faces challenges from U.S. tariff hikes, fierce competition from giants like Amazon, and shifting investor interest towards AI. Despite a significant reduction in value, Lyst aims to leverage Zozo's resources to enhance its operations in the competitive fashion e-commerce landscape.

Created at: April 9, 2025 10:30am

Amazon Haul Shifts Focus Amid Trump Tariffs: A New Era for E-Commerce

Amazon Haul Shifts Focus Amid Trump Tariffs: A New Era for E-Commerce

Amazon is set to change its e-commerce strategy for the Amazon Haul app due to new tariffs imposed by President Trump on imported goods, particularly from China. The platform, originally aimed at providing low-cost products from Chinese warehouses, will now prioritize items available from US warehouses, including brands like Gap and Adidas. This shift comes as Amazon seeks to remain competitive against rivals like Temu and Shein. The impact of these tariffs is significant, particularly for the tech industry, which heavily relies on foreign manufacturing. Amazon's adjustments reflect broader trends in US-China trade tensions.

Created at: April 9, 2025 3:00am

Blackbird Secures $50M for Blockchain Payment-Loyalty App Revolutionizing Restaurants

Blackbird Secures $50M for Blockchain Payment-Loyalty App Revolutionizing Restaurants

Blackbird Labs has successfully raised $50 million for its innovative blockchain-based payment and loyalty app aimed at enhancing customer engagement for restaurants. With 1,000 establishments already signed up, CEO Ben Leventhal plans to launch the Blackbird Club, a cross-restaurant points system, and expand beyond New York, San Francisco, and Charleston. Led by Spark Capital, the funding round also included Coinbase Ventures and Amex Ventures. Blackbird's Flynet service simplifies transactions while saving restaurants 3-4% on processing fees, addressing the industry's profitability challenges amidst rising costs.

Created at: April 8, 2025 12:30pm

Amazon Unveils 'Buy for Me' AI Feature for Seamless Shopping

Amazon Unveils 'Buy for Me' AI Feature for Seamless Shopping

Amazon has launched its innovative 'Buy for Me' feature in the Shopping app, enabling users to automate purchases from both Amazon and third-party websites. Powered by the Amazon Nova AI system and Anthropic's Claude technology, this feature simplifies the checkout process by automatically filling in personal details and payment information. Users can easily search for products and use the 'Buy for Me' button for a hassle-free transaction. Additionally, the AI will track orders and assist in finding unavailable items from other sites, marking a significant advancement in e-commerce technology.

Created at: April 5, 2025 5:28pm

Amazon Unveils 'Buy for Me' AI Feature for Effortless Online Shopping

Amazon Unveils 'Buy for Me' AI Feature for Effortless Online Shopping

Amazon has launched a new feature called 'Buy for Me', which leverages the Amazon Nova AI system alongside Anthropic's Claude technology. This feature allows users to complete purchases on Amazon and select third-party websites with a single click. By automating the checkout process, the AI fills in user details and payment information, which can be verified before finalizing the transaction. Users need only to search for items, and supported products will display a 'Buy for Me' button. This innovation aims to streamline online shopping and enhance user experience significantly.

Created at: April 5, 2025 5:28pm

Amazon Unveils 'Buy for Me' AI Feature for Hassle-Free Shopping

Amazon Unveils 'Buy for Me' AI Feature for Hassle-Free Shopping

Amazon has launched its new 'Buy for Me' feature, enabling users to make purchases from its platform and third-party websites with a single click. Powered by the Amazon Nova AI system and Anthropic's Claude technology, this feature streamlines the checkout process by automatically filling in personal and payment information. Users can easily search for items and complete transactions without tedious data entry. Additionally, 'Buy for Me' searches for products on third-party sites if they're unavailable on Amazon, allowing users to track orders within the app. This innovation marks a significant step in integrating AI into everyday shopping.

Created at: April 5, 2025 5:28pm

Amazon Unveils 'Buy for Me' AI Feature for Seamless Shopping

Amazon Unveils 'Buy for Me' AI Feature for Seamless Shopping

Amazon has launched a new feature in its Shopping app called 'Buy for Me', which allows users to delegate their purchases to an AI agent. This innovative service, powered by Amazon Nova AI and Anthropic's Claude technology, automates the checkout process by filling in personal details such as addresses and payment methods. Users can simply search for an item and select the 'Buy for Me' option for a smoother transaction experience. If a desired product isn't available on Amazon, the AI will search third-party websites to fulfill the order, enhancing convenience for shoppers.

Created at: April 5, 2025 5:28pm

Amazon Unveils 'Buy for Me' Feature, Revolutionizing Online Shopping Experience

Amazon Unveils 'Buy for Me' Feature, Revolutionizing Online Shopping Experience

Amazon has launched its innovative 'Buy for Me' feature, enabling users to streamline their shopping experience on its platform and third-party websites. This new functionality, integrated into the Amazon Shopping app, utilizes the Amazon Nova AI system and Anthropic's Claude technology to automate the checkout process. Users simply search for items, and a 'Buy for Me' button allows the AI to handle personal details and payment methods. The feature promises to simplify online shopping, even locating products from other sites if they aren't available on Amazon.

Created at: April 5, 2025 5:28pm

Amazon Kindle Introduces AI-Powered Recaps for Easy Book Series Catch-up

Amazon Kindle Introduces AI-Powered Recaps for Easy Book Series Catch-up

Amazon has unveiled a new feature for Kindle users: AI-powered Recaps designed to help readers quickly catch up on complex book series. This feature offers brief summaries of previous installments, similar to TV show recaps, making it easier to dive back into a story without needing to reread. Although currently available only for popular English-language series in the US, users report mixed feelings about the accuracy of the AI-generated summaries. Kindle owners can access Recaps by updating their firmware and looking for the 'View Recaps' button in their library.

Created at: April 5, 2025 5:27pm

Nintendo Launches Anticipated Switch 2 Amid Preorder Delays

Nintendo Launches Anticipated Switch 2 Amid Preorder Delays

Nintendo has officially unveiled its long-awaited successor to the original Switch, the Switch 2, priced at $450. The new console aims to enhance the beloved gaming experience, although preorder delays in the U.S. are anticipated due to tariffs imposed during the Trump administration. Meanwhile, OpenAI's CEO Sam Altman revealed potential delays in their upcoming image-generating tool. In related news, Amazon introduced its Nova Act, an AI agent for online shopping, and Epic Games' CEO criticized Apple and Google for their business practices. Zelle is shutting down its app, but most transactions occur through banks instead.

Created at: April 5, 2025 5:24pm

Nintendo's Switch 2 Launches Amidst Preorder Delays

Nintendo's Switch 2 Launches Amidst Preorder Delays

Nintendo has officially announced the release of its much-anticipated Switch 2, priced at $450, aiming to enhance the already popular console. However, U.S. preorder delays are expected due to Trump's tariffs. Meanwhile, OpenAI's Sam Altman revealed potential delays for the company's new image-generating tool. In related news, Amazon introduced Nova Act, an AI agent designed to simplify online shopping. Additionally, Zelle will shut down its stand-alone app, and Plaid's stock sale values the company at $6.1 billion, reflecting a significant drop from previous valuations.

Created at: April 5, 2025 5:24pm

Nintendo Finally Launches the Much-Awaited Switch 2

Nintendo Finally Launches the Much-Awaited Switch 2

Nintendo has officially unveiled its long-anticipated successor to the Switch, the Switch 2, priced at $450. This upgraded console aims to enhance the features of the beloved original. However, U.S. preorders may face delays due to tariffs imposed by former President Trump. In other news, OpenAI's new image-generating tool could lead to product delays, while Amazon introduced Nova Act, an AI agent designed for online shopping efficiency. Additionally, Zelle announced the shutdown of its app despite its vast user base, and Epic Games criticized Apple and Google for monopolistic practices.

Created at: April 5, 2025 5:24pm

Nintendo Set to Launch Switch 2 Amid Exciting Developments

Nintendo Set to Launch Switch 2 Amid Exciting Developments

Nintendo has officially announced the impending release of its long-awaited successor to the Switch, aptly named Switch 2, priced at $450. The new console aims to enhance the beloved gaming experience, although U.S. preorders may face delays due to recent tariffs. Meanwhile, OpenAI's Sam Altman warned of potential product delays linked to their new image-generating tool. In other news, Amazon unveiled Nova Act, an AI agent designed to streamline online shopping. The week also saw Rippling's lawsuit against Deel unfold with intriguing revelations. Zelle announced the shutdown of its app, while Plaid's valuation takes a hit.

Created at: April 5, 2025 5:24pm

TikTok Expands E-Commerce with TikTok Shop Launch in Europe

TikTok Expands E-Commerce with TikTok Shop Launch in Europe

TikTok is set to launch its TikTok Shop e-commerce platform in France, Germany, and Italy starting Monday, as reported by Reuters. This expansion follows its successful launch in the UK in 2021 and aims to onboard more local sellers. TikTok Shop is also available in the U.S., but its future there remains uncertain. Jan Wilk, head of operations at TikTok Shop UK, emphasized efforts to diversify product offerings, including luxury second-hand items. The platform aims to cater to a wider European audience with competitive pricing.

Created at: March 27, 2025 4:30pm

Amazon Kindle Update: New Double Tap Feature Enhances eBook Reading Experience

Amazon Kindle Update: New Double Tap Feature Enhances eBook Reading Experience

Amazon has rolled out a significant software update for its Kindle devices, introducing a double tap feature that allows users to turn pages without physical buttons. The update, version 5.18.1, enables users to tap on the device's sides or back to navigate through eBooks. Additionally, Amazon has included a 'Recaps for Books in Series' feature, providing summaries of thousands of Kindle books. This enhancement aims to improve user experience and streamline reading for Kindle owners. The update is now available across various Kindle editions.

Created at: March 27, 2025 7:00am

Amazon Unveils 'Interests': Personalized Shopping Prompts Powered by AI

Amazon Unveils 'Interests': Personalized Shopping Prompts Powered by AI

Amazon has launched a new feature called 'Interests,' designed to personalize the shopping experience using generative AI. This tool allows users to input tailored prompts reflecting their preferences and budget, enhancing search relevance. By utilizing large language models, Interests converts everyday language into queries for better product suggestions. The feature also keeps users updated on new items and deals related to their interests. Currently available to select U.S. users, Amazon plans to expand access soon, reinforcing its commitment to AI integration in shopping.

Created at: March 26, 2025 2:30pm

Arcade Expands Its AI Marketplace to Home Goods with Innovative Features

Arcade Expands Its AI Marketplace to Home Goods with Innovative Features

Arcade, a generative AI marketplace known for jewelry design, is diversifying its offerings to include home goods, starting with rugs. The new 'Match My Room' feature allows users to upload photos for tailored rug designs. The company has also secured $25 million in Series A funding, raising its total to $42 million. Users can create rug designs using AI tools and receive samples before purchasing. Arcade's commission structure for sellers has improved, and new programs are aimed at increasing earnings for content creators. Future product categories may include ceramics and apparel.

Created at: March 24, 2025 7:30pm

Buy Now, Pay Later for Your Burrito? DoorDash and Klarna Team Up

Buy Now, Pay Later for Your Burrito? DoorDash and Klarna Team Up

DoorDash and Klarna have announced a new partnership allowing customers to buy fast food and pay later in four interest-free installments. This service, available for orders over $35, offers more flexibility to diners. However, experts warn that consumers may face significant risks if they miss payments, leading to unexpected late fees. Consumer Reports' Chuck Bell cautions that failing to pay on time might result in a much pricier meal than anticipated. The initiative raises concerns about consumer debt and spending habits in the current economic climate.

Created at: March 23, 2025 10:00pm

Google Wallet Now Available for Kids' In-Store Payments

Google Wallet Now Available for Kids' In-Store Payments

Google has introduced a new feature allowing children with Android phones to make in-store payments using Google Wallet in select countries, including the US, UK, Australia, Spain, and Poland. Parents must give consent for adding payment cards, and they will be notified via email for each transaction. The Family Link app enables parents to manage their child's spending and access. This move positions Google to compete with Apple's Apple Cash Family service, which offers similar functionalities. However, online purchases remain restricted for kids.

Created at: March 19, 2025 2:30pm

Shopify Moves to Nasdaq: A Strategic Shift for the E-Commerce Giant

Shopify Moves to Nasdaq: A Strategic Shift for the E-Commerce Giant

Shopify has announced its transition from the New York Stock Exchange (NYSE) to the Nasdaq, effective March 31. The Canadian e-commerce platform will remove its Class A shares from the NYSE at the close of trading on March 28, while maintaining its listing on the Toronto Stock Exchange. Although no detailed reasons were provided, a company spokesperson expressed excitement about joining the Nasdaq community. Following a strong Q4 performance, Shopify's market cap has surged to $121 billion, reflecting a 55% increase year-on-year.

Created at: March 19, 2025 12:00pm

Former Bolt CEO Launches E-Commerce Startup Spangle AI to Enhance Online Shopping Experience

Former Bolt CEO Launches E-Commerce Startup Spangle AI to Enhance Online Shopping Experience

Maju Kuruvilla, the ex-CEO of Bolt, has launched a new startup named Spangle AI, aimed at improving online shopping experiences. Spangle AI offers custom landing pages for retailers, enhancing conversion rates by addressing common post-click issues. The startup, which raised $6 million in seed funding, utilizes an AI model called ProductGPT to optimize customer interactions. With promising early results, Kuruvilla is now focusing on expanding sales. This venture joins a growing trend of AI-driven e-commerce solutions designed to enhance customer engagement and reduce bounce rates.

Created at: March 18, 2025 7:00pm

GrubMarket Secures $50M Funding, Valued at Over $3.5B to Revolutionize Food Distribution with AI

GrubMarket Secures $50M Funding, Valued at Over $3.5B to Revolutionize Food Distribution with AI

GrubMarket has raised $50 million in its Series G funding round, achieving a valuation surpassing $3.5 billion. The investment will enhance its AI capabilities aimed at optimizing food distribution, a market valued at $1 trillion. Major investors include Liberty Street Funds and Pinegrove Capital Partners, reflecting strong confidence in GrubMarket's growth trajectory. The company reported projected revenues of $2.4 billion for the current year, driven by strategic acquisitions and a tech-first approach. CEO Mike Xu emphasizes AI's role in transforming data management within the industry.

Created at: March 18, 2025 9:30am

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Google and Speedinvest Fund AI-Driven Logistics Startup Leta to Lower Delivery Costs

Kenya's Leta, an AI-powered logistics SaaS firm, has secured $5 million in seed funding led by European VC Speedinvest, with support from Google's Africa Investment Fund. The platform aims to reduce exorbitant logistics costs for African businesses, which can be up to four times higher than the global average. By optimizing delivery routes and streamlining payment processes, Leta has rapidly expanded, now handling over 10,000 daily trips for major clients like KFC and Diageo. The startup plans to double its revenue and expand further within Africa and the Middle East.

Created at: March 18, 2025 8:30am

Blinkit Faces Intensifying Competition in India's Quick Commerce Market

Blinkit Faces Intensifying Competition in India's Quick Commerce Market

Zomato's Blinkit is ramping up its expansion in India's quick commerce sector, targeting 2,000 dark stores by December 2025. The company reported significant losses of 103 crore rupees ($11.9 million) as it aggressively added store locations and warehousing space. Analysts suggest the industry is in a 'land grab mode,' with rivals like Zepto and Flipkart also expanding rapidly. Despite the competitive pressures, Blinkit expects its investments to pay off, predicting over 100% growth through FY25 and FY26 as customer demand for quick deliveries rises.

Created at: January 20, 2025 11:00am

Apple Expands Retail Footprint in India with New Store App

Apple Expands Retail Footprint in India with New Store App

Apple has launched its dedicated Apple Store app in India to enhance its retail presence and cater to growing consumer demand. The app allows users to purchase Apple products directly and provides personalized shopping recommendations. Customers can customize their devices and choose delivery or pickup options. This initiative follows the opening of Apple’s physical stores in major cities and aims to deepen connections with Indian users. The app also offers post-purchase support, training sessions, and trade-in options, marking a significant step in Apple's expansion in the world's second largest smartphone market.

Created at: January 17, 2025 3:00am

FARO Secures $6M to Transform Surplus Clothing Market in Africa

FARO Secures $6M to Transform Surplus Clothing Market in Africa

FARO, a South African startup, has raised $6 million to tackle the issues of surplus clothing from global brands and environmental waste in Africa. The venture aims to source, refurbish, and sell excess inventory, providing affordable fashion while addressing the demand for secondhand goods. With plans to expand from four to 1,000 stores in the next decade, FARO focuses on restoring consumer returns often discarded by brands. The startup's strategy includes introducing AI to streamline operations and enhance customer experiences, targeting a market poised for significant growth.

Created at: January 15, 2025 3:30pm

eBay Acquires Caramel to Simplify Online Car Sales

eBay Acquires Caramel to Simplify Online Car Sales

eBay has announced its acquisition of Caramel, a startup focused on streamlining online car sales. Founded in 2021, Caramel provides services such as verification, financing, and paperwork handling. The startup, which has raised $19 million in funding, will enhance eBay's existing offerings by reducing complexities in vehicle transactions. This move comes as eBay faces increasing competition, notably from Amazon's recent entry into the car sales market. The acquisition aims to bolster trust in online transactions, ensuring a seamless experience for buyers and sellers alike. The deal is expected to close in Q1 2025.

Created at: January 13, 2025 3:30pm

Snappy Acquires Covver to Enhance Corporate Gifting Experience

Snappy Acquires Covver to Enhance Corporate Gifting Experience

Snappy, a New York-based corporate gifting platform, has acquired Covver, a swag-gifting startup, to strengthen its offerings in the corporate gifting market. The acquisition, involving a mix of cash and shares, aims to integrate Covver's AI-driven personalization solutions into Snappy's platform. Covver, which has raised $7 million and specializes in customizable merchandise, will enhance Snappy's capabilities, allowing for a more delightful gifting experience. Snappy serves over 47% of Fortune 100 companies, indicating its significant presence in the industry. The corporate gifting sector is valued at $260 billion in the U.S.

Created at: January 11, 2025 7:30am