Starting April, Media-Markt-Saturn vows lightning-fast delivery within 90 minutes via Uber Direct. With a €4.99 fee, the service spans major German cities, aiming nationwide by year's end. This strategic move aims to boost e-commerce revenue, leveraging 200 stores initially, with all 400 by 2024.

Amid a fashion-forward frenzy, Permira has brought Deutsche Bank, JPMorgan, and Goldman Sachs to the catwalk, eyeing a €4B valuation for Best Secret. With the market's mood lifting, it's high time for high finance to meet high fashion, proving even sheep can strut in style.

Despite achieving a gross merchandise value of $51.3B, up 6.7% YOY, and an EBITDA north of $250M, Delivery Hero's stock fell by 3.9%. Analyst doubts and a failed Southeast Asian sale rumor add to the drama.

Uber Eats now showcases Getir and Flink in its app, marking a German first. This integration, wrapped into the Uber One subscription at 4.99€/month, promises unlimited deliveries. But there's a twist: each service's fee structure varies within Uber Eats, differing from their standalone offerings. For instance, Getir's minimum order has shifted to 20€ with a 2.49€ delivery fee, and Flink introduces a dynamic service fee based on distance.

After selling its minority stake in Deliveroo for a hefty loss, Delivery Hero's shares plummeted to an all-time low. The stake, sold for £76.8M (≈€87.9M), was a significant markdown from its original investment in 2021, reflecting less than a third of the purchase price. Deliveroo's shares also took a hit, dropping by 7%. This sale is part of Delivery Hero's strategy to reallocate its cash more efficiently, amidst a backdrop of tech share recovery and Deliveroo's optimistic earnings forecast for 2023.

🇨🇭 Circunis to launch Swiss B2B Marketplace for Food Surplus in 2024. Funded by Migros Pioneer Fund, Circunis aims to reduce food waste and advance circular economy, connecting producers and traders to tackle Switzerland's waste challenge.

🇩🇪 Hey circle gains €1.5M seed funding for eco-friendly shipping solutions. Munich-based startup hey circle, led by CEO Doris Diebold, secures significant seed investment for innovative reusable shipping systems, aiming to revolutionize e-commerce with eco-conscious practices.

🇩🇪 The Platform Group acquires Avocadostore, bolsters sustainable e-commerce.🇩🇪 The Platform Group acquires Avocadostore, bolsters sustainable e-commerce. Strategic acquisition of Avocadostore marks a significant expansion in sustainable fashion. Leveraging expertise in e-commerce, the deal strengthens TPG's portfolio, promising accelerated growth and sustainability focus in the industry.

🇦🇹 Niceshops cuts jobs and restructures.. Niceshops is Austrian online retailer and e-commerce service provider. The company is letting go of around 90 employees as part of comprehensive cost-saving measures, including the dissolution of loss-making divisions. Despite the difficult decision, Niceshops is receiving support from other companies like the Austrian Post, offering opportunities for the affected employees

🇩🇪 Netto unveils 'Pick&Go' autonomous shopping in Regensburg,, offering a fully autonomous shopping experience without the need for registration or check-ins. Customers can pick products from shelves equipped with digital displays, and their purchases are automatically tallied as they shop. The store combines AI-powered scales for weighing produce, fast exit terminals for easy checkout, and traditional payment methods, catering to all customer preferences