On November 14, 2024, Viewa raised $300K in pre-seed funding to enhance online shopping using AR. This Melbourne startup boosts conversion rates by 94%. With tech from CEO Ed Sedgley, Viewa aims to improve shopper confidence while reducing returns.

Boohoo raised around £33.3M on November 14, 2024. An additional £6M comes from a retail offer closing soon. CEO Dan Finley highlighted strong shareholder support. The funds will reduce borrowings and strengthen the balance sheet.

BiteSpeed, an Indian AI e-commerce startup, raised $3.5M in funding on Nov 14, 2024. This brings total capital to $5.6M. The company plans to hire more staff and deepen R&D efforts, focusing on AI tools for brands across various regions.

Starting Nov 14, 2024, Google Maps lets users search for local products easily, making holiday shopping simpler. Customers can now find nearby stores with available items, alongside checking travel disruptions and delays.

Salesfire raised $3.3M from NPIF II - Mercia Equity Finance on November 12, 2024. The funds will help advance AI technology for deeper customer behavior insights. CEO Rich Himsworth focuses on elevating retailer success through smart insights.

Fleek has raised $20.4M, including $14.8M in Series A funding. The platform connects 10,000 retailers with 1,000 wholesalers across 70 countries, moving 2.5M items of clothing. Major investors include HV Capital and Andreessen Horowitz.

Etsy's CEO Josh Silverman emphasizes AI's role as key to growth. Etsy now has 7M sellers and 90M buyers. AI helps improve search and product handling. Silverman acknowledges mixed feelings from sellers but affirms the commitment to artists.

Pinterest has launched over 1,000 shoppable Gift Guides to ease holiday shopping. Celebrities like Em the Nutritionist and Ayamé have collaborated on these guides. Users can save gift ideas with a new wishlist feature, while Pinterest curates personalized suggestions.

Starting November 13, Meta reduces its ad-free plan by 40%. New prices are €6 ($6.36) for web users and €8 ($8.48) for mobile. These moves try to satisfy EU regulators as investigations continue into Meta's ad practices.

Klarna has filed plans for a U.S. IPO, valuing the firm at $14.6B, a rise from $6.7B in 2022. The company reported 27% revenue growth and $66M in profits in August. Expectations point to an IPO within the first half of 2025.

Encore, co-founded by Alex Ruber and Parth Chopra, uses AI to simplify your thrifting experience. With 50K searches each month and growing at 26%, it’s revolutionizing the $73B U.S. secondhand market expected to double by 2028.

Coveo partners with Shopify on Oct. 31, 2024, to provide AI-powered search for enterprise customers, enabling better product discovery and personalization. This collaboration aims to optimize revenue for Shopify merchants while enhancing shopper experiences.

On Nov. 7, 2024, Brizy launched a no-code Shopify app, allowing users to easily create stunning landing pages. With over 90 templates and tools, Brizy aims to empower Shopify store owners. The CEO, Dimi Baitanciuc, emphasizes ease for all users.

On November 12, 2024, DPD launched Ottobot, an autonomous delivery robot in Milton Keynes. This robot has eight compartments and can carry up to 70 kg. It aims to improve delivery efficiency and meet customer needs in real-time.

As of November 11, 2024, Starbucks customers in the U.S. and Canada can now order delivery via the Starbucks app. This feature enhances customer convenience and reflects double-digit growth in U.S. delivery demand.

Instacart reported $1.6B in revenue for Q3 2024, with a 10% order growth. The company expects $8.5-8.65B for Q4. CEO Fidji Simo stated ongoing AI investments drive profitability, but investors get cautious.

Glovo and Mars expand their partnership focusing on retail media strategies in Europe and more. The goal is a significant growth in their business by 2030 after achieving over 50% growth in Mars products on Glovo in just one year.

Founded in 2021, Wheelocity has pivoted from B2B to rural e-commerce. Backed by Lightspeed, they raised $15M to expand in 3,500 villages. CEO Selvam VMS says they aim for a $1T market. Their unique “phygital” approach ensures daily delivery.

On December 14, 2024, Amazon will cease its grocery delivery in Germany, struggling for 7 years to expand beyond Berlin, Hamburg, and Munich. The new partnership with Czech retailer Rohlik's Knuspr offers 15K fresh products to Prime members.

On October 10, 2023, Lieferando launches a new range of sexual wellness products in Germany. The partnership with Womanizer offers over 80 items, including bestsellers and toys for couples. Discreet, speedy delivery to 46 cities is now available.

Swiggy's shares soared 10.7% on debut, valuing the firm at $12.3B. Co-founder Sriharsha Majety aims to excite new investors as India’s tech landscape heats up. The IPO is a key moment with Zomato as the benchmark competitor.

In the first half of fiscal 2025, Richemont reported €10.1B ($10.7B) in sales, a 1% drop. Their watch division saw a 17% decline, pushing operating profit down to €2.2B ($2.3B). Declines are driven by weak sales in China, down 27% year-over-year.

Talabat, a food delivery service owned by Delivery Hero, is set to launch a $1B IPO on the Dubai Stock Exchange this December. This includes selling 15% of its shares. The firm aims to distribute $100M in dividends by April 2025, rapidly expanding in the UAE and four other Middle Eastern countries.

On November 12, 2024, Just Eat Takeaway sold Grubhub to Wonder for $650M, a huge loss. The deal will boost Just Eat's cash flow. Wonder aims to create a super app with Grubhub's partners.

On Nov 12, 2024, Landmark Group announced a $1B investment to open 400 shops in the Gulf, India, and Southeast Asia. This three-year plan boosts retail by 20% by 2028. Its online sales grow over 20% yearly, says CEO Kabir Lumba.

Zalando partners with Adyen for local payments, enhancing user experience across 15 countries. This partnership promises more secure payment options and higher authorization rates. Key leaders express excitement for improved services.

On 14th November 2024, Assos of Switzerland filed a lawsuit against Asos. The legal battle is over breach of contract. This marks a repeat conflict since Asos paid $25.8M in 2016 to settle previous trademark issues. Assos is owned by TZP Group.

On November 11, 2024, Levi Strauss & Co. launched the Levi’s® Jeans Fit Guide in Germany. This innovative tool uses Amazon Alexa to help customers find their perfect fit by asking questions. Until December, the service is available on any Alexa device.

Catalog saleswomen in Mexico are increasingly selling Shein and Temu products. Since 2022, around 60% of these sellers have added these brands. Despite struggles in traditional catalog sales, women adapt by meeting customer demands.

On November 14, 2024, Farfetch's investors reject claims to dismiss a $2.4B securities fraud lawsuit. The plaintiffs allege misleading information by executives led to Farfetch's financial downfall and a plummet in stock value.

On November 15, 2024, Vinted, Europe's largest second-hand marketplace, ruled out an IPO. CEO Thomas Plantenga announced a company valuation of $5.3B, emphasizing expansion into new markets and efficient operations since its founding by Mitkute and Janauskas in 2008.

Starting November 13, Bol.com will offer refurbished devices like smartphones, tablets, and laptops with a 2-year warranty. Partnering with Fixje, Forza, Leapp, and Renewd, Bol.com aims to promote sustainability and boost the refurbished market.

El Corte Inglés posted $220M profit in H1 FY2024, up 11%. Revenues hit $8.7B, rising 2.3%. EBITDA grew 12.3% to $566M, while net debt fell $205M. Retail sales rose 3.2%, and travel revenues surged 10.3%. All divisions saw gains.

Alibaba's new AI search tool, Accio, enhances global sourcing for small businesses in Europe and the Americas. Tests show a 40% increase in purchase intent. Using generative AI, it processes 1B products across 100 markets for profitability insights.

Allegro aims to launch in Slovenia and Croatia within months, adding 6M potential customers. It already operates in Poland, Czechia, Slovakia, and Hungary, with active buyers reaching 20.5M in Q3, 5.5M outside Poland.

From December 13, 2024, the EU's GPSR will mandate extended safety data for online marketplaces. Amazon and eBay are struggling to meet the standards, citing issues like confusing layouts and technical glitches affecting sellers and buyers alike.

China’s Singles’ Day sales topped $150B, up 20.1% YoY. Alibaba and JD.com showed strong buyer activity. Outdoor gear, pet care, and toys saw the most growth. Analysts expect consumer confidence to improve by late 2025 with more stimulus ahead.

Amazon's Haul aims to compete with Temu and Shein by offering low-cost goods, but its AI-generated product photos have led to bizarre listings. Critics argue the launch undermines Amazon's quality standards and faces regulatory risks.

Shopify's Q3 results impressed, with earnings of $0.35/share, surpassing $0.27 estimates. Revenue hit $2.16B, beating $2.12B predictions. GMV jumped 24% to $69.7B. Shares surged 21% as Shopify projected holiday sales growth of 25%.

The insights are brought by Foxintelligence by NielsenIQ. The analysis covers 2.5M e-receipts from 1,500+ merchants across Europe, spotlighting brands like Roborock, Ninja, PlayStation, and Amazon that led in Black Friday sales and annual e-commerce trends.

This data comes from the "Top 100 Sustainable Marketplaces Report" by Cross-Border Commerce Europe, supported by FedEx Express and Poste Italiane. The report examines the booming recommerce market in Europe and its role in promoting sustainability and circular economy models.

Amazon’s Virtual Holiday Shop, powered by 3D technology, offers 300+ top gifts and toys. With brands like Beats, LEGO, and Coach, interactive features enhance the experience. AI guides and festive themes simplify holiday shopping.

This analysis by The Fashion Law examines Temu’s legal challenges since 2022, focusing on lawsuits against and by the company in the U.S. market.

Zalando’s new free loyalty program, Zalando Plus, opens access to all users, aiming to grow its 2.6M-member base. The program offers perks like birthday gifts, faster shipping, and early access. Launched in Spain, France, and Austria, it will expand in 2025. Financially, Zalando expects one-time costs for past subscriptions and provisions for points.

Delivery Hero reported 9% YoY GMV growth in Q3 2024, driven by a 25% increase outside Asia. Total Segment Revenue grew 24%, with top segments in MENA and Europe. The company raised its FY 2024 guidance to the high end of GMV and revenue projections, estimating $50-100M in free cash flow. CEO Niklas Östberg attributed success to customer-focused offerings like Dmarts and loyalty programs. Delivery Hero maintained a $1.65B cash balance, showing financial strength and expansion potential across Europe, MENA, and the Americas.

Groov has secured $1.9M in seed funding to boost its embedded lending platform for SMEs. The round, led by Fuel Ventures, aims to expand Groov’s API offerings, giving businesses easier access to capital. Funds will go toward launching new products and building a multi-regional network.

Miros, based in Tallinn, raised $6.4M in funding led by EBRD and Tera Ventures to enhance its AI visual search for e-commerce. Backed by ex-president Toomas Hendrik Ilves, Miros aims to cut lost sales and improve product discovery. Their tech improves conversion rates, benefiting partners like Jomashop. CEO Heikki Haldre calls it a revolution for shoppers and sellers alike.

Recovery.com, a mental health and addiction treatment marketplace, has secured $5M from investor Jason Krantz, totaling $15M in his support. The funds will scale Recovery.com’s team and expand its offerings, aiming to improve access to mental health resources and grow its user base across the U.S. With a 2,013% growth rate over three years, the company already features 15,000 treatment providers. Its Yelp-like review platform offers comparisons and user reviews, aiding informed treatment choices for addiction and mental health care.

Flash, founded by ex-Flipkart exec, launches in the U.S., allowing users to track purchases, manage spending, and earn rewards. With over $291.6B spent online in Q2, the U.S. is a lucrative market. Flash is free but offers a $49/year premium plan with features like AI spam protection and a dedicated shopping inbox. Founded in 2022, Flash has over 1M users in India. Expansion will continue with a global version planned for 2025, backed by upcoming funding.

Pinstripe, launched in June, lets NYC sellers have both a digital storefront and a retail option. Sellers bring items to local stores, where staff handle transactions, and the app uses AI to simplify offers. Sellers keep 70% of revenue, while Pinstripe and store partners take 20% and 10%, respectively. Founders Sam Blumenthal and Taro Tomiya say it solves issues like no-try purchases on other platforms. Additionally, it offers next-day delivery for $10, but only in-store buyers can request refunds.