Monday, 19 Nov 2018
Category: e-commerce

Pure Bit, a South Korean exchange, pulls a $2.8 million exit scam

Another day, another exit scam. This time it comes to us from South Korea, where an exchange, Pure Bit, has completely shut down after raising $2.8 million in Ethereum from investors. The exchange, which promised to deliver something call Pure Coin, was live yesterday and today is completely shut down after posting “Sorry” and “Thanks” […]

Southeast Asia’s Grab partners with MasterCard to offer virtual debit cards

Ride-hailing firm Grab branched out into payments last year and now the $11 billion-valued company, which acquired Uber’s Southeast Asia business earlier this year, has given its fintech division a major boost after it announced plans to introduce virtual pre-paid debit in partnership with Mastercard. The move is the largest digital payment push in Southeast […]

Walgreens takes a minority stake in Birchbox, which will now come to its stores

Walgreens has entered into a strategic partnership with beauty-in-a-box startup Birchbox, which will involve building Birchbox experiences inside Walgreens’ stores so customers can shop and try new brands. The deal also sees Walgreens acquiring a minority equity interest in Birchbox, the companies said. The deal follows a change to Birchbox’s ownership structure reported earlier this […]

Facebook 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 […]

Walmart to acquire women’s plus-size clothing brand ELOQUII

Walmart is expanding further into apparel with today’s announcement of its plans to acquire the digitally native, women’s plus-size clothing brand ELOQUII for an undisclosed amount. The all-cash deal includes ELOQUII CEO Mariah Chase, her executive team and its 100 employees, who will continue to be based in Long Island City, NY and Columbus, OH. […]

Amazon makes offline retail push in India

Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is buying up 49 percent of More in a deal that sees Amazon partner and PE firm Samara Capital pick up the […]

Meet the startups in the latest Alchemist class

Alchemist is the Valley’s premiere enterprise accelerator and every season they feature a group of promising startups. They are also trying something new this year: they’re putting a reserve button next to each company, allowing angels to express their interest in investing immediately. It’s a clever addition to the demo day model. You can watch […]

India’s Livspace raises $70M for its one-stop-shop for interior design

Livspace, an India-based startup that helps consumers manage home renovations and interior design, has pulled in a $70 million Series C deal that’s led by Goldman Sachs and TPG Growth. Existing investors Jungle Ventures, Bessemer Venture Partners, and Helion Ventures also took part in the round, which takes Livspace total funding to date to over $100 million. […]

Amazon launches Scout, a machine learning-powered visual shopping tool

Amazon is experimenting with a new tool called Scout designed to help shoppers better figure out what they want to buy in a more visual fashion, according to a report from CNBC, which first spotted Scout live on Amazon’s site. Using a combination of imagery, a thumbs up and down voting mechanism, and machine learning […]

HQ Trivia teases upcoming Wheel of Fortune-style mobile game

HQ Trivia is gearing up to debut a follow-up to its wildly popular live mobile game show. Called HQ Words, the company announced this morning they’ll release the Wheel of Fortune-style game in October. HQ Words. Coming this October. pic.twitter.com/e1TbDSHvV5 — HQ Trivia (@hqtrivia) September 18, 2018 HQ Trivia, which airs twice per day and awards […]