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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

This morning Wish , a well-known mobile ecommerce startup, filed to go public. As going to stores became more risky over time, many shoppers turned to buying more goods from the Internet, bolstering ecommerce players like Shopify, BigCommerce, as well as companies that facilitate online payments, like Square and PayPal.

eCommerce 294
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Checkout wants to be Rapyd and Fast

TechCrunch

This time around we are not talking Roblox, we’re talking about ecommerce, and a number of rounds — big and small — that have been raised in the space. And sticking to the ecommerce theme, Rapyd raised $300 million at around a $2.5 million to help businesses improve their net margins. billion valuation.

eCommerce 247
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Bloomreach raises $150M on $900M valuation and acquires Exponea

TechCrunch

Bloomreach , an API company that helps eCommerce customers with search and web site creation, announced a $150 million investment today from Sixth Street Growth. It also gains 250 net new customers, giving it a total of 750. Today’s funding values the company at $900 million.

eCommerce 258
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Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact

TechCrunch

Contact Financial Holding, Egypt’s non-bank consumer finance provider, has invested $9 million in the country’s ecommerce super-app Wasla , setting the stage for the rollout of new online shopping capabilities, products and regional expansion. They’re very technologically advanced, and their adoption of ecommerce is quite good.

eCommerce 223
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Ambi Robotics secures $32M infusion to deploy its item-sorting robots in warehouses

TechCrunch

After a breakthrough on a system called Dex-Net , Goldberg and Jeff Mahler, a former doctoral student, launched the company in 2019, along with other scientists and engineers from UC Berkeley. Dex-Net, short for Dexterity Network, is an AI system that trains on thousands of images of 3D models of objects. .

eCommerce 225
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Affirm files to go public

TechCrunch

Accelerating revenue growth with slimming losses is investor catnip; Affirm has likely enjoyed a healthy tailwind in 2020 thanks to the COVID-19 pandemic boosting ecommerce , and thus gave the unicorn more purchase in the realm of consumer spend. million, down from $30.8 Perhaps best of all, the firm turned a profit of $34.8

Fintech 284
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E-commerce optimization startup Tradeswell raises $15.5M

TechCrunch

Tradeswell focuses on six components of e-commerce businesses — marketing, retail, inventory, logistics, forecasting, lifetime value and financials — with the key goal of allowing those businesses to improve their net margins, rather than simply driving more clicks or purchases.

eCommerce 208