Alibaba to split into six groups, chases IPOs
CFO Dive
MARCH 29, 2023
The Chinese ecommerce giant will be splitting into six separate groups in a move that follows declining tech valuations and a regulatory crackdown on the country’s tech sector.
B2B eCommerce Embraces The Ecosystem Opportunity
PYMNTS
DECEMBER 30, 2020
With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. Even before the pandemic hit, the B2B eCommerce landscape was heating up as businesses sought greater efficiency. “The The Rise of the Marketplace.
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FinTech Stripe Eyes Funding Round That Could Put Valuation At $100B
PYMNTS
NOVEMBER 24, 2020
According to people familiar with the discussions, the new valuation could hit as much as $70 billion or maybe as much as $100 billion, Bloomberg said. Bloomberg noted that the company has been taking advantage of the eCommerce interest, starting its own card-issuing service for U.S.
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Petco Aims At $4 Billion Valuation In IPO
PYMNTS
JANUARY 6, 2021
Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. eCommerce was a fast-growing channel for pet-related shopping even before the pandemic, making $12.2
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Bolt Nets $75 Million In Funding Round For eCommerce Innovation
PYMNTS
DECEMBER 21, 2020
The round saw the company's valuation hit over $215 million. There has been a surge in eCommerce this year because of the pandemic, at the expense of in-person shopping as people tried to stay clear of the coronavirus. Bolt was founded in 2014 in San Francisco and works on tools to streamline web transactions. Data from the IBM U.S.
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The Great Digital Shift, BigCommerce – And The Lure Of (eCommerce) IPOs
PYMNTS
AUGUST 12, 2020
To that end, as reported earlier this week, BigCommerce , the software as a service (SaaS) firm that focuses on eCommerce, went public, surging more than 200 percent on its first day of trading. That implies that the public valuation of BigCommerce is quite a bit more than the offer from the private markets.
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Affirm Aims At Over $10 Billion Valuation In New IPO Filing
PYMNTS
JANUARY 11, 2021
At $44 per share price, Affirm would have a valuation in excess of $10 billion, Reuters reported. Affirm partnered with the travel industry eCommerce platform Inntopia in November to extend BNPL options to the hotel industry. The Silicon Valley startup is planning to offer 24.6
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Brex Raises $100M, Bringing Valuation To $2.6B
PYMNTS
JUNE 11, 2019
Brex, the credit card startup, announced Tuesday (June 11) it raised $100 million in venture funding, giving the company a valuation of $2.6 The funding comes a few months after Brex raised $125 million, giving it a valuation of $1.1 For its eCommerce credit card, it underwrites based on sales. “At billion back then.
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Nasdaq Debut Gives Poshmark More Than Double Valuation
PYMNTS
JANUARY 15, 2021
Poshmark saw its valuation more than double following its Nasdaq debut, with shares closing at $101.50, the Wall Street Journal (WSJ) reported on Thursday (Jan. Poshmark’s valuation is now over $3 billion, up from $1.25 Poshmark joins a slew of digital startups filing IPOs as the coronavirus pandemic continues to fuel eCommerce sales.
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Casper Expects IPO Valuation To Fall Far Lower Than $1B
PYMNTS
JANUARY 27, 2020
eCommerce mattress merchant Casper Sleep Inc. forecasts that its initial public offering (IPO) valuation will be far under the approximate $1 billion it had for its most recent funding. The IPO would provide the company with a valuation of $768 million and would bring in $182.4 The eCommerce mattress merchant said it lost $92.1
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Investors Cap Off 2020 With An Eye On B2B eCommerce, SMB Banking
PYMNTS
DECEMBER 30, 2020
There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. Brightpearl offers a range of products, from supplier management to logistics to financial management, for eCommerce firms and retailers via its platform.
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Autonomous Delivery Startup Nuro Nets $500M In Funding On $5B Valuation
PYMNTS
NOVEMBER 9, 2020
The shift to eCommerce has prompted a shift in logistics , with even the biggest companies looking for new, efficient ways to move products and take advantage of the latest technology. The program was implemented in Houston and used both the R2 and autonomous Toyota Priuses, which were powered via Nuro's proprietary software and hardware.
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eCommerce Company Wish Files Paperwork To Go Public
PYMNTS
AUGUST 31, 2020
Led by General Atlantic, a New York growth equity firm, the round boosted Wish’s valuation to $11.2 Today, Wish boasts customers in more than 100 countries and sells 3 million products daily on its eCommerce platform, according to the company’s website.
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POS Financing Makes Its Way Into B2B eCommerce
PYMNTS
MARCH 29, 2019
Daniel Lipinski, founder and CEO of POS financing firm CreditDigital , explained to PYMNTS how the consumer eCommerce arena has influenced eProcurement’s own evolution in payments and buyer financing. As such, Lipinski noted, cart abandonment rates in the B2B eCommerce market can be as high as 67 percent.
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Grocery Round-Up: Instacart’s Big Valuation Jump, Kroger’s Ghost Kitchens And Grocery Deals Come To Prime Day
PYMNTS
OCTOBER 8, 2020
Instacart saw its valuation double to just over $17 billion, Kroger made its move on the prepared food market, Amazon brought its grocery business into the Prime Day fold while Whole Foods reports struggling to keep up with the post-pandemic boom town in grocery sales. Instacart's $200M Pick-Up and New $17.7B
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Casper IPO Rebounds After Lower Valuation
PYMNTS
FEBRUARY 6, 2020
In other published reports , Krim brushed aside the lower valuations, calling them “moments in time.”. billion valuation implied by its latest fundraising round. Not bad, but perhaps not the growth demanded by the investors who get excited about eCommerce. Casper had said in the filing that the proceeds generated from the 8.3
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Kazakh FinTech Rumored To Aim For $5B IPO Valuation
PYMNTS
SEPTEMBER 16, 2019
Payments, finance and eCommerce marketplace startup Kaspi.kz The company is anticipated to reach a $5 billion valuation with an offering of at least $500 million worth of GDRs, a source told FT. is predicted to sell existing shares on the London Stock Exchange (LSE).
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Investors Say FinTech Valuations Are High, But Not Overheated
PYMNTS
OCTOBER 22, 2020
And though valuations may be stretched, fundamentals are indeed sound. And as Hudson Executive Capital’s Bergeron said, valuations are high. Bergeron noted that such investments and markets are “hot until they’re not” and there could be an exogenous event that shocks public and private markets and reset valuations.
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Chinese Social Media Startup Seeks Funds At $6B Valuation
PYMNTS
JANUARY 10, 2020
Chinese eCommerce and social media startup Xiaohongshu , also known as “Little Red Book,” wants to raise funds at a $6 billion valuation, according to Bloomberg. It was started in 2013 as a community online that would recommend eCommerce sites outside of China. Tencent and Alibaba both invested in that round.
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eCommerce Platform Magento Scores $250M
PYMNTS
JANUARY 5, 2017
Open-source eCommerce platform provider Magento Commerce recently snagged a whopping $250 million in new funding from one of China’s largest investment firms, Hillhouse. This latest fundraising puts Magento Commerce’s valuation at more than $700 million, according to a person familiar with the deal.
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Five At Five: Instagram’s New eCommerce Plan
PYMNTS
NOVEMBER 15, 2018
New data shows a projected 14 percent increase in fraud attempts during the upcoming 2018 holiday season, with fraud likely to peak on Thanksgiving Day. Instacart Raises $271M on $7.8B
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eCommerce Marketplace Bids.com Raises More Than $1.7M
PYMNTS
JUNE 9, 2020
eCommerce marketplace Bids.com notched more than $1.7 million in funding, exceeding its initial funding goal of $1 million for a first-round valuation of $10 million, according to an announcement. The firm provides small and medium-sized businesses (SMBs) with eCommerce technologies and allows them to create a digital storefront.
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Funding Could Bring The RealReal To $1B Valuation
PYMNTS
APRIL 24, 2019
The RealReal , an online retailer for authenticated luxury consignment, has authorized the sale of up to $70 million in new shares that could put its valuation at $1.06 The San Francisco-based retailer has also recently expanded its brick-and-mortar presence, as well as launched additional eCommerce fulfillment centers.
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IoT, Big Data And The Tech Fueling Better B2B eCommerce
PYMNTS
AUGUST 30, 2016
The worldwide eCommerce industry is headed towards a $781 billion valuation by 2024. That figure, released earlier this month by Transparency Market Research, is driven by the increasing adoption of international eCommerce capabilities by sellers. ” B2B eCommerce’s B2B Payments Impact. The Role Of Data.
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CommerceHub Mulls IPO At $2B Valuation
PYMNTS
JULY 15, 2020
CommerceHub , which makes eCommerce software, is preparing an initial public offering (IPO) that may value the firm at over $2 billion, according a report in Bloomberg citing unnamed people familiar with the matter.
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How Thrasio Turned Buying Amazon Third-Party Sellers Into A $1B Business
PYMNTS
AUGUST 5, 2020
Thrasio has taken its Amazon-centric business model to a high level at high-speed, snapping up some of the marketplace’s hottest sellers and creating a company that one of its investors says is “revolutionizing eCommerce.”. That round was raised against a $1 billion valuation, leading Thrasio to claim that it is the fastest-ever U.S.
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This Week In Payments: Digital Banking, Financial Literacy And Expanded eCommerce Competition
PYMNTS
JUNE 19, 2020
Ranchere said that’s most observable in the world of challenger banks, as investors reevaluate the core value such firms offer — and their sky-high valuations. For example, Monzo raised funds at a lower valuation level after recently announcing some layoffs. There was no shortage of news in the challenger-banking space this week.
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Retail Ecommerce Ventures Calculates Its Next Moves
PYMNTS
SEPTEMBER 1, 2020
Instead, a dialogue with Lopez, head of Retail Ecommerce Ventures (REV), spans multitudes of topics, from neuroscience to movies to books to chess and, yes, retail. This eCommerce trend was happening well before COVID. But that's not the case. Because in his expansive vision, they all touch each other. It paid $3.6
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SellerX Raises $118M In Bid To Buy Up Amazon Sellers
PYMNTS
NOVEMBER 19, 2020
In particular, such deals have targeted companies in the Fulfillment by Amazon program, in which the eCommerce giant warehouses a company’s products and then takes care of packing, shipping and providing customer service. The company said it is profitable and boasts of unicorn status with a valuation of $1 billion.
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eCommerce Co Jumia Files US IPO
PYMNTS
MARCH 13, 2019
Pan-African eCommerce company Jumia filed for an initial public offering (IPO) on the New York Stock Exchange (NYSE) on Tuesday (March 12). The company’s valuation, share price and timeline have yet to be determined, but if all goes well, Jumia will be the first African tech startup to list on a major global exchange.
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Nearly 100 Chinese Tech Startups Hit Unicorn Status In 2018
PYMNTS
JANUARY 28, 2019
China’s startup market had a good year in 2018, with close to 100 technology companies garnering a valuation of more than $1 billion. Known as unicorns, the companies were led by eCommerce and video streaming services, the Financial Times reported, citing data from Hurun’s ranking of China’s top tech companies.
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Amazon Eyes Zoox Acquisition For Autonomous Cars
PYMNTS
MAY 27, 2020
Amazon is in talks to buy self-driving car startup Zoox in a move that would advance the eCommerce giant’s reach in autonomous vehicle technology, according to a Tuesday (May 26) report in the Wall Street Journal (WSJ), citing sources familiar with the matter. billion; a sale now would likely reflect a decreased valuation. “We
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eCommerce Company Wish Files Confidential Paperwork To Go Public
PYMNTS
AUGUST 31, 2020
Led by General Atlantic, a New York growth equity firm, the round boosted Wish’s valuation to $11.2 Today, Wish boasts customers in more than 100 countries and sells 3 million products daily on its eCommerce platform, according to the company’s website.
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Today In Payments: Amazon Sellers Ring In $4.8 Billion In Holiday Sales; DoorDash Valuation Could Hit $28 Billion
PYMNTS
DECEMBER 1, 2020
billion from Black Friday through Cyber Monday, and DoorDash could see a valuation of $28 billion from its IPO. DoorDash Valuation Could Hit $28 Billion, Says It Has Only 3 Pct of US Market. DoorDash is reportedly seeing good demand for its IPO, boosting its estimated valuation rise to some $28 billion.
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TikTok’s ByteDance Bids For Singapore Banking Licence
PYMNTS
JUNE 15, 2020
The Beijing-based giant with a valuation of $75 billion is competing for one of five electronic banking licences to be issued by the Monetary Authority of Singapore , the nation’s central bank and financial regulatory agency, by year’s end, the report said. Lee Tih Shih, an OCBC board director, declined to comment.
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107 Amex Sizzles, Big Banks Fizzle And Indian eCommerce Lives Up To Its Sizzling Hype
PYMNTS
SEPTEMBER 30, 2016
Global investing enthusiasts and eCommerce watchers have been reading the headlines about the coming explosion in Indian eCommerce for at least the last two years (possibly more, depending on how international one’s reading tastes are). Flipkart’s reported valuation is presently around $11.5 Walmart Bets On Flipkart.
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69 Udaan Raises $225M For B2B eCommerce
PYMNTS
SEPTEMBER 5, 2018
B2B eCommerce platform Udaan has caught the attention of investors to the tune of $225 million , marking what reports on Tuesday (Sept. According to The Economic Times , Udaan hit the $1 billion valuation mark after 26 months. Reports said a $225 million fund raise would increase its valuation fivefold.
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40 Affirm Looks To Raise $1.5B On $3B Valuation
PYMNTS
SEPTEMBER 12, 2019
Recently, Affirm raised $300 million in a Series F round led by Thrive, at a valuation of $3 billion. Affirm is getting the capital mostly from a line of credit coming from a large financial institution. Because of the nature of its business, companies like Affirm need huge amounts of capital. So far, Affirm has raised $1.03
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B2B eCommerce Startup Mbiz Secures Series A
PYMNTS
MARCH 28, 2017
B2B eCommerce platform Mbiz has raised Series A financing, reports Monday (March 27) said. While the company did not disclose how much it raised, COO and cofounder Ryn Hermawan told e27 that he estimates the company’s valuation to be about $75 million. Tokyo Century Corporation led the funding, reports added. “But
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Reliance Retail Fires Shot Against Amazon In Battle For India
PYMNTS
AUGUST 31, 2020
Reliance , which is already referred to as the “Amazon of India,” owns and operates more than 10,000 stores across categories including supermarkets, consumer electronics, apparel and other various segments, and also owns several eCommerce sites. Whole Foods has 497 stores. billion consumers. billion consumers. “At
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Shopping App Wish Gets $300M At $11.2B Valuation
PYMNTS
AUGUST 1, 2019
The round, which was led by General Atlantic, gives the San Francisco-based app a post-money valuation of $11.2 ” According to analysts, Amazon will cite Wish as a competitor to help protect it against claims of having a monopoly in the eCommerce sphere. Wish was launched in 2010 by Danny Zhang, a former Yahoo!
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Tencent, Primavera Staking $300M On Chinese Grocery Delivery Startup
PYMNTS
JUNE 29, 2020
Daily orders have crossed the four-million mark for Xingsheng Youxuan, with convenience stores supplying fresh goods and household products for order and delivery through its eCommerce platform. That has put Meituan in rarified company, with Tencent and Alibaba being the only other Chinese companies to cross the $100 billion threshold.
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UNTUCKit Aims For $600M Valuation
PYMNTS
DECEMBER 7, 2018
The company, which is said to have enlisted the help of Morgan Stanley, is looking for a valuation north of $600 million, CNBC reported. The brand has already taken in $30 million through a Kleiner Perkins investment, which is said to have given it a valuation over $200 million. Rowe Price and Tiger Global.
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How Hims Taps eCommerce To Take Taboo Out Of Millennial Male Health
PYMNTS
FEBRUARY 1, 2019
The firm is cruising toward a $1 billion valuation and unicorn status as it is in the final stages of negotiating a $100 million funding round, according to reports in Recode that were confirmed by TechCrunch. But it is a straightforward idea that has built up a lot of momentum — and very fast.
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