Financial news, corporate announcements, analysts’ reports
LONDON: European logistics giant InPost has expanded its presence in the United Kingdom with the acquisition of Yodel, one of the country’s largest parcel delivery companies. The move positions InPost as the third-largest agnostic e-commerce logistics provider in the UK, solidifying its foothold in the market. The acquisition integrates Yodel’s home delivery network with InPost’s…
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Alif Innovations (Private) Limited by London-based M/s Alif Capital Holdings Limited. M/s Alif Capital Holdings Limited, a private limited company registered in England and Wales, acts as a holding company for various investments. The target company, M/s Alif Innovations (Private) Limited, is registered…
SCOTTSDALE: Southern ITS International (OTC PINK:SITS) has acquired an 80% ownership stake in Kinzie LLC, a dynamic e-commerce enterprise. Kinzie LLC, established in 2013 and previously family-owned, started in the jewelry industry and has expanded its offerings to include everyday household items. The company has surpassed $28 million in sales since its inception. Gil Irey,…
CARiD, a prominent player in the automotive e-commerce market, has announced the completion of a substantial $35 million funding round, marking a significant financial achievement for the company. This infusion of capital is a nod to the company’s robust strategic plan, innovative edge, and resilience in the competitive landscape. Since its inception in 2008, CARiD…
Razor Group, the Berlin-based e-commerce aggregator, has acquired its US rival Perch, creating the world’s largest online marketplace consumer brand platform. The deal is part of Razor’s consolidation strategy, which has seen it acquire other regional players such as Factory14, Valoreo and The Stryze Group. The acquisition will enable Razor to reach over $1 billion…
In the fast-paced world of e-commerce, where every second counts, the choice of hosting can significantly impact the success of your online store. This brings us to the game-changer: Virtual Private Server (VPS) hosting. Tailored for the unique demands of e-commerce, VPS hosting emerges as a powerhouse solution, promising to revolutionize your website’s performance, enhance…
PHILADELPHIA: Mainfactor Inc., a Philadelphia-based company that provides e-commerce solutions for the music and entertainment industry, has acquired the e-commerce-related sites and assets of Gimme Radio Inc., a streaming music and e-commerce platform for genre-specific and community-based music fans. The acquisition will allow Mainfactor to expand its portfolio of direct-to-consumer (D2C) storefronts for renowned artists,…
TikTok, the social media giant, has announced a $1.5bn investment in Tokopedia, Indonesia’s largest e-commerce platform, in a bid to reopen its online shopping business in the country. The deal will merge TikTok’s popular Indonesian shop with Tokopedia, giving TikTok a 75% stake in the joint venture. The partnership, which will start with a pilot…
Wonder Group, a food-delivery startup that sells high-tech kitchen equipment and customized ingredients to businesses, has received a $100 million investment and a strategic partnership from Nestle, the world’s largest food and beverage company, CNBC said. The deal, which was confirmed by both companies but not disclosed publicly, will help Wonder expand its reach and…
OSLO, NORWAY: Mutares, a German investment company, has signed an agreement to buy the Prénatal stores and e-commerce activities in the Netherlands from the PRG Retail Group. Prénatal is a leading retailer of maternity, baby and infant products, with 38 point of sales and a strong online presence. The deal is subject to approval from…
Shop Circle, a London-based e-commerce software company, has secured $120 million in a Series A round of funding. The round was led by 645 Ventures and 3VC, two venture capital firms that specialize in backing early-stage technology startups. QED Investors and NfX, existing investors in Shop Circle, also joined the round. Shop Circle plans to…
Paris, France: In a major move that marks an escalation of its international endeavors, Alibaba, the Chinese tech giant, announced on Thursday its plans to expand one of its key e-commerce platforms, Tmall, into Europe. The decision comes just over two months after Alibaba unveiled its strategy to divide its business into six units, granting…