Tag: e-commerce
Connie Chan of Andreessen Horowitz discusses consumer tech’s winners and losers
Last week, I sat down with Connie Chan, a general partner with Andreessen Horowitz who focuses on investing in consumer tech. She joined the firm in 2011 after working at HP in China. From her temporary offices located in a modest skyscraper with unobscured views of San Francisco, we talked…
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South African fintech startup Jumo raises second $50M+ VC round
South African fintech startup Jumo closed a $55 million round from a diverse group of investors, the company confirmed. Founded in 2015 and based in Cape Town, the venture offers a full tech stack for partners to build savings, lending, and insurance products for customers in emerging markets. This week’s…
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The fundraising landscape is shifting in 2020
Elizabeth Yin Contributor Elizabeth Yin is a founder and general partner of Hustle Fund, a pre-seed venture capital fund that invests in hilariously early software startups across the U.S., Canada and Southeast Asia. When I was a founder many years ago, I felt like I heard constantly conflicting advice and…
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Africa e-tailer Jumia reports first full-year results post NYSE IPO
Pan-African e-commerce company Jumia got into the black (by a small amount) on its gross profit vs. fulfillment expenses, expanded financial services and still posted losses. The online sales company, with an operations center in China, also anticipates some negative impact on 2020 growth from the coronavirus outbreak, CEO Sacha…
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Target breaks into the top 10 list of US e-commerce retailers
Target’s investments in store remodels, same-day delivery and drive-up services are paying off. The retailer, which used to rank No. 11 in U.S. e-commerce sales, has now jumped three spots to break into the top 10 list as the No. 8 retailer, according to a new report from analyst firm…
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Walmart shuts down its experimental personal shopping service, Jet black
Walmart is shutting down its personal shopping service, Jet black, on February 21, after struggling to find adoption or additional investment. The service had allowed New York-area customers to text message orders for home delivery. According to its website, Jet black will now no longer accept new orders and will…
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