ADAY aims to simplify your wardrobe with $2M in funding

 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

Read more

What is an IPO pop and why do VCs hate it so much?

 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

Read more

Southeast Asia’s aCommerce lands $65M led by KRR-backed Emerald Media

 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

Read more

Stitch Fix up just 1% on first day of trading, after reducing size of IPO

 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

Read more

Deliv to power same-day grocery delivery for Walmart in San Jose

 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

Read more

Stitch Fix set to raise $120M from downsized IPO

 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

Read more

Shopify now offers merchants built-in, cheaper UPS shipping

 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

Read more

Procter & Gamble just bought this venture-backed deodorant startup for $100 million cash

 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

Read more

Black Friday will be the biggest mobile shopping day ever in the U.S., forecast claims

 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

Read more

Amazon’s latest Whole Foods price cuts include deeper discounts for Prime members

 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

Read more

Poshmark raises $87.5 million for fashion resale marketplace

 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

Read more

Firefox aims to win back Chrome users with its souped up Quantum browser

 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

Read more

Lord & Taylor will start selling on Walmart.com

 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

Read more

Heyday raises $3M for personalized skincare and facials

Heyday Tribeca 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

Read more