News

IPO
Report: India’s Pine Labs is Weighing IPO
October 14, 2021

The chief executive of Pine Labs, an Indian FinTech firm, says the company may go public in as little as a year because of opportunities in digital payments, Reuters reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Retail
Today In Retail: Walgreens Leans Into Healthcare; Ikea Faces Another Year of Shortages
October 14, 2021

In today’s top retail news, Walgreens is launching a new business segment focused on expanding the pharmacy chain’s healthcare offerings, while Ikea executives say they don’t see a quick end to supply chain issues. Also, Grove is opening a new division designed to acquire Amazon...

IPO
Public Listings, Sales Bring Tech Investors, Employees $583B
October 14, 2021

U.S. public listings or sales of technology companies brought $582.5 billion to their investors and employees during the 12-month period that started September 2020, the Financial Times (FT) reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Retail
Grocery Roundup: eGrocery Businesses Expand Globally
October 14, 2021

New York City is not the only major metropolitan area becoming crowded with micromobility-powered grocery delivery companies promising the fastest order fulfillment. Major Russian technology company Yandex has now launched its 15-minute grocery delivery service in London, according to a Moscow Times report Thursday (Oct....

Retail
Jana Partners Urges Macy’s to Separate eCommerce Business as it Snags Stake in Retailer
October 14, 2021

Jana Partners has taken a stake in Macy’s Inc. and is pushing the retailer to separate its $8 billion eCommerce business from its traditional brick-and-mortar business, The Wall Street Journal reported Thursday (Oct. 14), citing sources. Get the Full Story Complete the form to unlock...

B2B Payments
B2B’s Shift to Digital Payments Drives Healthier Balance Sheet
October 14, 2021

Whether the spate of back-office changes was forced, rushed or a long time coming, the ongoing shift to digital business payments has seen companies of all sizes come to appreciate the broader benefit their conversions have set in motion. Get the Full Story Complete the...

eCommerce
Grove Launches New Division to Compete With Amazon Aggregators
October 14, 2021

The CBD and wellness company Grove, Inc. says it has launched a new division designed to acquire Amazon and eCommerce businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

IPO
Inside IHS Towers: Five Things to Know About the Newly Listed Emerging Markets Telecom Infrastructure...
October 14, 2021

It would soon be eight unicorns and counting on the African continent, following the successful listing of leading Africa-focused telecom infrastructure provider, IHS Towers, on the New York Stock Exchange on Thursday (Oct. 14). Get the Full Story Complete the form to unlock this article...

Investments
Juni Raises $73M in Series A For eCommerce Banking
October 14, 2021

eCommerce banking platform Juni announced Thursday (Oct. 14) it has raised $73 million in Series A funding that it plans to use to boost its employee count to more than 120 people and launch an integrated credit line offering, according to a Tech.Eu report. Get...