India’s Capillary Technologies raises $20M from Warburg Pincus and Sequoia

 Capillary Technologies, an India-based startup that helps e-commerce businesses manage their marketing and customer engagement, has pulled in $20 million in fresh funding from existing investors Warburg Pincus and Sequoia. The company said it plans to use the capital to develop its products and R&D, including a new focus on the fast-moving consumer goods (FMCG) space where it works… Read More

Amazon’s Prime Rewards Visa cardholders now get 5% back at Whole Foods if they pay for Prime

 Amazon has already rolled out price cuts for Whole Foods shoppers as a result of its acquisition of the grocery chain. It has also rolled up its Treasure Truck deals service to Whole Foods locations, and began delivering Whole Foods groceries through Prime. Now, it’s offering Prime members 5 percent back at Whole Foods when they shop using the Amazon Prime Rewards Visa card, too. The… Read More

Frank and Oak picks up $16 million Series C

 Frank and Oak, the direct-to-consumer clothing brand based out of Canada, is today announcing the close of a $16 million USD Series C funding round led by Caisse de dépôt et placement du Québec, with participation from Goodwater Capital and Investissement Québec. Frank and Oak launched in 2012 offering personalized menswear, with a recommendations newsletter that let users shop without… Read More

Alibaba invests another $1.3 billion into its offline retail strategy

 Alibaba has furthered its physical retail footprint after it invested another billion dollars into projects to develop its so-called “new retail” strategy which combines online and offline. The Chinese firm, the dominant e-commerce player in its country, gobbled up a 15 percent stake in Beijing Easyhome Furnishing for RMB 5.45 billion, or around $867 million, and pumped $486… Read More

Cardlytics up 3% following IPO, raised $70 million

 Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of America and 2,000 others to run cash back programs. It partners with brands across restaurant, retail, travel, grocery and home subscription categories… Read More

Same-day delivery service Deliv launches Deliv Rx for same-day prescriptions

 Deliv, the crowdsourced same-day delivery service which today partners with retailers like Macy’s, Best Buy, Petsmart and Walmart on various initiatives, today announced a new service to offer same-day delivery of prescription medications. At launch, Deliv Rx, as the service is being called, will power same-day delivery of prescriptions for select Walgreens, as well as Kay Pharmacy,… Read More

Amazon begins offering Whole Foods deliveries via its Prime service

 Amazon has taken a big step forward with Whole Foods after it began offering grocery delivery from the retailer through its Prime service. The option is open to Prime Now customers, who get free two-hour deliveries of their products when they spend over $35. An “ultra-fast” one-hour delivery option costs $7.99 for orders of $35 or more. The integration is limited to four regions… Read More

Goxip raises $5M led by Meitu to build an influencer marketing platform for fashion in Asia

 Goxip, a Hong Kong-based social shopping service, has raised $5 million to branch out into influencer marketing. The investment was led by Meitu, the $6 billion Hong Kong-listed company that develops selfie apps and selfie-optimized phones, with participation from Hong Kong conglomerate Nan Fung Group via its inaugural Mills Fabrica Fund. Others who took part include a trio of young female… Read More

Your monthly Amazon Prime membership fees are about to increase

 If you’re on-board for Amazon’s monthly Prime membership, I’ve got a bit of bad news for you on this cold December morning. The company’s bumping up pricing from $10.99 to $12.99. Not the end of the world, of course, but that comes out to about $156 a year — a $24 increase over the old price. Amazon has confirmed the price increase with TechCrunch and laid all of… Read More