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GoKwik, an Indian startup that offers a suite of integrated e-commerce products, has raised a small round of $13 million, which it calls a “growth” round, that has boosted its valuation to $450 million pre-money. While the new funding round, led by RTP Global, is 63% smaller than its Series B of $35 million, announced…
African B2B e-commerce startup Sabi has laid off around 20% of its workforce (~50 employees) as it pivots from its original retail-focused platform to double down on a growing business in commodity exports. The layoffs, confirmed by the company on Thursday, are part of a broader restructuring aimed at aligning resources with what it describes…
Amazon said on Thursday that it would invest about $233 million in its India business to further build out its operations infrastructure, develop new tools for its delivery network, and work on employee safety and well-being programs. The company said the investment helps it double down on its efforts to deliver to all pin-codes in…
WordPress.com parent company Automattic is changing direction… again. In a blog post titled “Returning to Core” published Thursday evening, Automattic announced it will unpause its contributions to the WordPress project. This is despite having said only last month that the 6.8 WordPress release would be the final major release for all of 2025. “After pausing…
Misfits Market, the online platform that delivers imperfect groceries to help minimize waste, announced the acquisition of household restocking service The Rounds on Friday. As a result of the deal, Misfits Market plans to take on over 250 items from The Rounds’ inventory. This allows the company to diversify into additional categories, such as household…
Home services in India — whether it is cleaning, dishwashing, or laundry — have traditionally been offline and informally run. This has often resulted in delays and uncertainties for consumers, as well as inconsistent pay and job insecurity for workers. Recently, however, startups have begun viewing this area as ripe for transformation, leveraging technology to…
Spotify says its ability to direct its customers to external payment links in its iOS app has already had a positive impact on sales. In a newly filed amicus brief in support of Epic Games in its ongoing legal battle with Apple over external payments on the App Store, Spotify claims its internal data indicates…
Roblox announced on Thursday that creators can now sell physical merchandise directly within their experiences and games on the platform with the launch of new Commerce APIs. The offering provides creators with a new way to generate revenue beyond the purchases of virtual goods or one-time fees to access specific experiences. The company first began…
The Federal Trade Commission voted Friday to delay enforcement of the Negative Option Rule — known widely as the “click-to-cancel” rule requiring companies to make it as easy to cancel a subscription as it was to sign up. The rule, which was first proposed in 2023, took aim at businesses selling physical and digital subscriptions…
Instacart CEO Fidji Simo is joining OpenAI as CEO of Applications, the ChatGPT maker said on Thursday. Simo, already a board member at OpenAI, will transition out of Instacart over the next few months and join the AI company full-time later this year. OpenAI CEO Sam Altman said he would continue in his role, overseeing…