It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of […]
View More PayPal to invest $750M, and Dragoneer $100M into MercadoLibre, Argentina’s e-commerce powerhouseCategory: marketplace
Target announces launch of its curated, third-party marketplace, Target+
Target this morning announced Target+, a new initiative designed to expand the assortment on Target.com with merchandise from third-party sellers. But unlike with Walmart and Amazon’s marketplaces, Target is taking a more curated approach as to how sellers will be added to its program. The retailer says it’s starting with “thoughtfully selected” additions in areas […]
View More Target announces launch of its curated, third-party marketplace, Target+Luxury handbag marketplace Rebag raises $25M to expand to 30 more stores
Rebag, an online resale marketplace for luxury handbags, is getting another infusion of capital as it prepares to expand its offline retail operations. The company this week announced $25 million in Series C funding, in a round led by private equity firm Novator, with participation from existing investors, General Catalyst and FJ Labs. The round brings Rebag’s […]
View More Luxury handbag marketplace Rebag raises $25M to expand to 30 more storesHome improvement platform Houzz lays off 180, reportedly gears up for public listing
Houzz has built a $4 billion business on the back of a platform and marketplace that lets you plan and execute home improvement projects. But as the startup gears up for its next phase of growth, it is also going through some growing pains. TechCrunch has learned and confirmed the company this month laid off […]
View More Home improvement platform Houzz lays off 180, reportedly gears up for public listingThe limits of coworking
It feels like there’s a WeWork on every street nowadays. Take a walk through midtown Manhattan (please don’t actually) and it might even seem like there are more WeWorks than office buildings. Consider this an ongoing discussion about Urban Tech, its intersection with regulation, issues of public service, and other complexities that people have full […]
View More The limits of coworkingAfrica’s agtech wave gets $10 million richer as Twiga Foods raises more capital
Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Nigerian data analytics company Terragon acquires Asian mobile ad firm Bizense Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies Kenya’s Twiga Foods has raised $10 million from […]
View More Africa’s agtech wave gets $10 million richer as Twiga Foods raises more capitalSmart marketplaces bridge the implicit and complex
Marketplace businesses are intrinsically linked to the technologies that enable them. As enabling technologies have evolved, marketplaces have become able to facilitate increasingly complex exchanges in new environments and industries. The next level? They will get smart.
View More Smart marketplaces bridge the implicit and complexeBay launches Instant Selling, a new trade-in service for smartphones
eBay today launched a new service to help users unload their old smartphones on its online marketplace. With eBay Instant Selling, as the service is called, consumers can list their device info, add images, then receive an instant voucher that can be used towards the purchase of a new device from eBay. They’ll also receive […]
View More eBay launches Instant Selling, a new trade-in service for smartphonesIndonesian co-working startup GoWork lands $10 million
Co-working today is a global game that’s played by many more than just WeWork, despite the company’s valuation surging to $20 billion. But, as WeWork increasingly globalizes its focus, the U.S. firm is coming into contact with smaller players who are highly localized in markets with the potential to grow significantly. One such market is […]
View More Indonesian co-working startup GoWork lands $10 millionFacebook adds A.I. to Marketplace for categorization, price suggestions and soon, visual search
Facebook is celebrating the two-year anniversary of its Craigslist competitor, Facebook Marketplace, with the launch of new features powered by A.I. Specifically, the social network says it’s adding price range suggestions and auto-categorization features to make selling easier, and it says it’s testing camera features that would use A.I. to make product recommendations. Automating price […]
View More Facebook adds A.I. to Marketplace for categorization, price suggestions and soon, visual searchBehind the turnaround that netted Vinted €50 million
It was May 2016 when Thomas Plantenga got the call. He was living in New York and working on projects with Fabrice Grinda — the co-founder of classified juggernaut OLX and the founder of FJ Labs. Plantenga had worked with Grinda on expanding OLX and was ready for the next challenge — which came in […]
View More Behind the turnaround that netted Vinted €50 millionLetGo, the 2nd-hand shopping app, raises another $500M at over a $1.5B valuation
LetGo, the app-based marketplace for people to sell each other second-hand goods, has nabbed a great deal of its own. Today, the startup announced that it has picked up an extra $500 million in funding from Naspers, the South African e-commerce and media giant, which it plans to use to double down on growth, both […]
View More LetGo, the 2nd-hand shopping app, raises another $500M at over a $1.5B valuation