ADAY, a fresh entrant in the highly competitive world of direct-to-consumer fashion, has raised $2 million in new funding for its mission to simplify wardrobes with a line of durable, technical, and chic womenswear. The company is the latest in an ever-expanding movement of startups that offer direct-to-consumer products for the fashion-conscious consumer. Venture-backed lifestyle startups… Read More
Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read More
Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian firm backed by global investor KKR.
The Series B deal takes Bangkok-based aCommerce to $94 million raised to date. Existing backers Blue Sky, MDI Ventures and Switzerland-based DKSH also took… Read More
Stitch Fix went up just 1% on its first day of trading. After pricing at $15, the company closed at $15.15. It’s also below the opening trade of $16.90. And the company didn’t raise as much money as it had been hoping for. It raised $120 million, after pricing at $15, below the expected range of $18 to $20. The company also reduced the size of its IPO from ten million shares… Read More
Danish startup Artland is building a social marketplace for the art world and its key players: Galleries and professional collectors, while also hoping an app-based approach helps onboard a new generation of art buyers. Read More
Walmart is further expanding into same-day delivery with the help of its existing delivery partner, Deliv. The companies today announced they will now be working together to power same-day grocery delivery in the San Jose area, where users will be able to shop online then schedule deliveries from 8 AM to 8 PM, seven days a week. Deliv and Walmart have been working together for some time,… Read More
There’s been plenty of appetite for Stitch Fix’s upcoming NASDAQ listing, but concern around disappointing listings from Snap and Blue Apron may explain why the fashion e-commerce company has opted to slim down its IPO tomorrow. Stitch Fix stands to raise $120 million after it announced a lower than expected $15 share price and a reduced number of shares on offer. That price comes… Read More
Shopify has teamed up with UPS to provide merchants on its platform with special rates normally only available to bigger business customers, and direct Shopify platform integration of UPS shipping, billing, and tracking services. The special pricing includes “pre-negotiated domestic and international rates” for Shopify sellers, which the companies say are lower than the posted… Read More
Native Deodorant, a San Francisco-based natural deodorant brand, just sold to Procter & Gamble for $100 million cash. Native, which positioned itself as an online distributor of deodorant, had received just $500,000 from Azure Capital Partners. With over a million customers since launching 2.5 years ago, Native was able to use profits from the business to reinvest in growth. P&G… Read More
A new report from App Annie predicts that time spent doing mobile shopping via apps will grow 45 percent in the U.S. during the week of Black Friday, compared to the same time two years ago. The firm also expects revenue generated through apps to break new records this season, and says consumers will spend over 6 million hours shopping in the top 5 digital-first apps on Black Friday alone.… Read More
Amazon today unveiled a preview of its official rewards program for Whole Foods shoppers by slashing prices on turkeys and other items ahead of the holidays, while offering even deeper discounts to customers who are also Amazon Prime members. Amazon’s plan to reward Prime members with additional savings was previously announced by the companies as one of the many integrations and… Read More
Poshmark, the app for fashion consignment, has raised another $87.5 million in funding led by Singapore-based Temasek. Menlo Ventures, GGV Capital, Mayfield and others also participated.
Having raised $160 million to date, the startup is well-capitalized and plans to use the money to build out its stylist-matching technology. Poshmark is launching voice integration with Amazon’s Alexa… Read More
The last half-decade hasn’t been great for Firefox marketshare. Chrome first overtook Mozilla’s browser back in late-2011 and now hovers above 60-percent, according to StatCounter numbers. But after a fair amount of struggles, Mozilla’s been undergoing an interesting sort of renaissance of late, and is banking on its new Quantum browser to bring bygone users back into the… Read More
Wal-Mart and Hudson’s Bay-owned department store Lord & Taylor just announced an interesting partnership – Lord & Taylor will start selling its catalogue of high-end fashion merchandise on Walmart.com this Spring.
Of course this deal doesn’t mean that you’ll see designer pants on the same page as $19.97 Wranglers. Instead, Lord & Taylor will have its own… Read More
Heyday has raised $3 million in seed funding led by New York’s Lerer Hippeau Ventures. The company’s stated goal is to take facials “out of the spa” and make them more accessible to a wider range of customers. Founder and CEO Adam Ross’ background in finance might not make him the most obvious candidate to led a skincare startup, but he said he first got to… Read More