Naspers, Innova Capital invest $82 million more for Movile’s iFood delivery business

 Naspers, a South African-based global investor and media conglomerate, has joined the private equity firm Innova Capital to funnel another $82 million into Movile — primarily to increase Movile’s stake in iFood, a Latin American food delivery vendor. Read More

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GM launches Marketplace for in-car shopping and reservations

 GM is making it possible to shop right from your vehicle’s infotainment system, while on the go. The carmaker is pushing out an update for model year 2017 and later vehicles, which will go out to all cars even if the owner doesn’t have a paid in-car Wi-Fi data subscription, that adds ‘Marketplace,’ a new kind of commerce platform. Marketplace is already rolling out… Read More

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Facebook expands its Marketplace section with housing rentals

 Facebook today announced its expanding its Marketplace listings section to include “hundreds of thousands” of housing rentals in a move that seems clearly designed to take on Craigslist. While users before could post their own apartment listings to this section, Facebook says it’s now partnering with sources like Apartment List and Zumper to pull in listings. The company… Read More

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High-end Brazilian job recruitment marketplace Revelo raises $4.6 million

 Revelo, a job marketplace that puts the responsibility on companies to contact candidates, has raised $4.6 million in its latest financing. The company, unlike traditional job boards, puts high-end, high-profile Brazilian job seekers at the center of the search, and makes companies reach out to them. Its latest round was led by Valor Capital, the Latin American-focused venture capital fund,… Read More

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eBay takes on The RealReal and other fashion resellers with launch of authentication program

 eBay is going after high-end clientele in search of luxury goods with today’s launch of eBay Authenticate, a new program that will allow sellers to opt in to have their goods verified as authentic. Initially, the service will focus on luxury handbags and wallets across 12 high-end brands, including Louis Vuitton, Chanel, Hermes, Gucci, Prada, Burberry, Dior, Fendi, Balenciaga, Goyard… Read More

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