New York-based eCommerce company Benitago has reportedly filed for bankruptcy. The firm is seeking protection from creditors two years after raising $325 million in funding, The Wall Street Journal (WSJ) reported Thursday (Aug. 31). It listed both assets and liabilities of between $50 million and $100 million. Benitago did...
When Patagonia exited the business of creating company swag, it was almost as if it was the end of an era of the unofficial uniform for finance bros everywhere. However, despite Patagonia’s involvement, the company swag often lacked appeal. These items felt mass-produced and lacked uniqueness. This...
As more consumers seek out the quick convenience of online grocery, merchants are turning to the pickup channel to meet this demand without bearing the high cost of delivery. Take, for instance, Netherlands-based multinational grocer Ahold Delhaize, which shared on its second-quarter 2023 earnings call that the company’s...
While true coffee aficionados may know exactly what they are looking for on eCommerce platforms, Talitha Coffee notes, the average consumer may find the range of options confusing, and by being more hands-on, brands can help ease the pathway to purchase. The mission-focused brand recently...
As online grocery grows, brands, retailers and third-party platforms alike are looking to grow their share in the category, and with PepsiCo’s major investment in Instacart, the food and beverage giant is looking toward its digital future. As grocery technology giant Instacart disclosed in its Form...
Finnish eCommerce platform Starcart hopes to expand throughout Europe following a seed funding round. “With this funding, we’ll be scaling up the business internationally and launching in multiple European markets next year,” CEO and founder Pasi Ilola wrote on LinkedIn Monday (Aug. 28) after the company raised $3.7 million. “We’ll...
Instacart filed its S-1 on Friday, August 25 — and with it came a glimmer of hope that the 18-month tech IPO drought may be ending. EquityZen’s head of market insights Brianne Lynch reports that some 1400 private companies worth $1B or more are sitting...
As consumers increasingly turn to digital channels to get their grocery needs met, merchants have the opportunity to drive additional sales if they can integrate restaurant ordering into their eCommerce platforms. By the Numbers Research from a PYMNTS survey last month of more than 4,600 consumers revealed...
One of the more compelling stories to come out of the pandemic was the idea of shoppable content. The hyper-convenient purchase moment and context of shoppable content, along with its emergent cousins like social shopping and live selling, seemed poised to take off. Click-through to...