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Meesho, an Indian e-commerce rival to Amazon and Walmart-owned Flipkart, is set to launch a roughly $606 million IPO marked by token sell-downs from early backers and no sales from big names such as SoftBank and Prosus, signalling investor conviction in India’s booming online retail market at a time when tech shareholders globally have been…
When Anthony Sardain began developing Cavela in 2023, an AI startup that helps brands automate supplier sourcing, he did not foresee that new tariffs would drive customers to become increasingly wary of manufacturing products in China. “You don’t just walk into Vietnam and build up a supply chain,” Sardain told TechCrunch. “A lot of brands…
When Nigel Morris tells you he’s worried about the economy, you listen. As industry observers know, Morris co-founded Capital One and pioneered lending to subprime borrowers, building an empire on understanding exactly how much financial stress the average American can handle. Now, as an early investor in Klarna and other buy-now-pay-later companies like Aplazo in…
Recession fears aren’t hurting the wish list and shopping app GoWish, which is seeing record numbers ahead of the 2025 holiday season. The app, which has north of 13.6 million registered users, had its best day yet this week, when on Monday it hit No. 2 on the U.S. App Store. While GoWish has seen…
India’s appetite for instant convenience — once confined to food and grocery delivery — is expanding into house help. That shift has helped Snabbit, an on-demand home-help startup, secure $30 million in new funding and lift its valuation to $180 million, up from $80 million five months ago. The all-equity Series C round — Snabbit’s…
Online marketplace Etsy said on Wednesday that its long-time CEO, Josh Silverman, would step down by the end of the year. Kruti Patel Goyal, Etsy’s president and chief growth officer, will become the company’s next CEO. Silverman, who headed the marketplace for eight years, will become its executive chairman. Goyal worked at Etsy for more…
When Phia‘s founders Phoebe Gates and Sophia Kianni decided to build an AI startup, they targeted an area they understood well: online shopping. The founders, who met at Stanford when they were randomly paired up as roommates, understood e-commerce because they had spent hours upon hours trying to find the right items to expand their…
Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers and invest more in its AI strategy. This marks the e-commerce giant’s second-largest job cuts since it slashed 22,000 jobs in 2022. Amazon had nearly 1.2 million employees as of October 31,…
Paypal said on Tuesday that it is adopting a protocol in combination with OpenAI’s “Instant Checkout” feature to let users pay for their shopping directly within ChatGPT, starting in 2026. Paypal is adopting the Agentic Commerce Protocol (ACP), an open-source specification developed by OpenAI that lets merchants make their products available within AI apps, consequently…
Amazon has been stuffing AI features into its shopping experience for the past few years now. Today, the company unveiled a new feature called “Help me decide,” which takes into account your searches, browsing and shopping history on Amazon to suggest products and describe why a particular product is right for you For example, if…