Lyst, a fashion marketplace once valued at $700M, sells to Japan’s Zozo for $154M

Fashion goes in and out of style, and it turns out, so do fashion startups. Lyst, a high-end fashion marketplace that was once valued at $700 million, has been acquired for just $154 million in cash by Zozo, a Japan-based fashion and e-commerce business. Zozo owns a number of fashion brands that i

Bluesky made more money selling T-shirts mocking Zuckerberg than custom domains

Bluesky CEO Jay Graber made a splash at SXSW last week, showing up at her keynote event in a T-shirt that subtly poked fun at Meta founder Mark Zuckerberg. Or, at least it seemed like it was subtle. But so many people appreciated the jab that users convinced Bluesky to reproduce and sell GraberR

Shopify transfers its US listing from the NYSE to the Nasdaq

Nearly 10 years after filing to go public on the New York Stock Exchange (NYSE) and Toronto Stock Exchange, Canadian e-commerce platform Shopify has announced that it’s transitioning its U.S. listing to the Nasdaq. In a filing with the Securities and Exchange Commission (SEC) on Wednesday, S

Swap banks $40M to build tools for merchants to deal with tariffs and other cross-border trading nightmares

Cross-border trade could become significantly more challenging with the wave of new tariffs getting introduced across different markets. Today, in a timely piece of news, a London-founded startup called Swap — which is building tools for e-commerce companies to better navigate the cross-border tr

Europe's Relay pulls in $35M Series A after applying Asia’s model to delivery

Being somewhat later than Europe in adopting the idea of parcel delivery, much of Asia built its delivery infrastructure around e-commerce, effectively “Uberizing” how deliveries worked down to the last mile. Think DoorDash but for parcels, not food. This is what the founders of Europe&

Commercetools, a pioneer in ‘headless commerce’, lays off dozens of staff

Commercetools — a “headless commerce” platform that provides APIs to companies building online storefronts — saw a major boost in its business just a few years ago, raising money at a whopping $1.9 billion valuation as the world went shopping online in the wake of the COVID-19 p

Shop Circle raises $60M to encircle e-commerce with an app suite

The boom in e-commerce post-pandemic meant shops moved online. However, some merchants ended up with dozens of separate app providers to accommodate everything from supply chains, to inventory, to marketing. The founders of Shop Circle realized this and either built or bought many such apps. The co

Amazon Alexa+ can do your grocery shopping, too

Amazon is not giving up on making its Alexa a virtual shopping assistant. On Wednesday, the company announced that Alexa+, its revamped Alexa experience, will be able to help consumers grocery shop from home using more natural conversations and requests. The feature will work with Amazon Fresh or

Lanch bags $27M for a social media-skewed take on fast food

E-commerce startups built around food continue to gobble up funding as investors look for sticky consumer concepts that can scale without breaking the bank. On Wednesday, Germany's Lanch — which taps social media and influencers to develop popular food brands alongside retail networks for dis

Shopify took down Kanye’s swastika T-shirt shop, but another antisemitic storefront still operates

Shopify took down Kanye West’s online store after the musician sold T-shirts with the swastika symbol. West, who also goes by Ye, advertised his online store in a Super Bowl commercial on Sunday, directing viewers to his website, where the only item listed was the swastika T-shirt.

Amazon tests sending customers directly to brands’ websites when it doesn’t stock their products

Remember that Christmas movie “Miracle on 34th Street,” where Macy’s in-store Santa, Kris Kringle, sends a frazzled shopper to a competitor’s store to find the Christmas present her son wanted because Macy’s was out of stock? Now Amazon is doing the same thing online.

Saudi’s BRKZ closes $17M Series A for its construction tech platform

Construction procurement is highly fragmented, manual, and opaque, forcing contractors to juggle multiple suppliers, endure lengthy negotiations, and deal with delayed payments. In Saudi Arabia, where trillion-dollar infrastructure and real estate projects are underway, these inefficiencies are eve

Shopify pushes for ‘open trade’ as Trump delays import exemption

On the same day that President Donald Trump delayed ending a trade exemption targeting certain Chinese imports, e-commerce company Shopify published a blog post making its stance on U.S. trade policy clear. In the post, Shopify endorsed “open trade,” calling for regulators to give onli

Swiggy, 2024’s biggest tech listing, falls below its IPO price and 2022 valuation

Indian food delivery company Swiggy’s stock fell below both its IPO price and its last private valuation as mounting losses and a wavering market position in quick commerce pressured its margins in the last quarter. On Thursday, the food delivery company’s stock fell as low as ?374.8