SnackMagic picks up $15M to expand from build-your-own treat boxes into a larger gifting marketplace

SnackMagic picks up $15M to expand from build-your-own treat boxes into a larger gifting marketplace

The office shut-down at the start of the COVID-19 pandemic in 2015 spurred big financial investment in digital change and a wave of tech business helping with that, however there were some distinct losers in the shift, too — — specifically those whose business designs were predicated on serving the really offices that disappeared overnight. Today, one […] Founder and CEO Shaunak Amin stated in an interview that the strategy will be to use the funding both to continue growing SnackMagic’s existing service, as well as extend into other kinds of gifting classifications. For many of the bigger companies that lack their own direct sales channels, it’s a significantly richer data set than what they typically get from selling items in the average brick and mortar store, or from a bigger online seller like Amazon. Alyce is taking a rather various technique than SnackMagic: it’s not holding any products itself, and there is no warehouse but rather a platform that connects purchasers with those providing items. We just get much better, “Amin said when I asked him about whether he stressed that SnackMagic was too easy to replicate.”SnackMagic’s instant success was due to an exceptional mix of timing, innovative thinking and world-class execution,” stated Bryan Rosenblatt, principal financier at Craft Ventures, in a declaration….

Mercato raises $26M Series A to assist smaller grocers compete online

Mercato raises $26M Series A to assist smaller grocers compete online

The pandemic upended the way people purchase their daily requirements, including groceries. Online grocery sales in the U.S. are expected to reach 21.5% of the overall grocery sales by 2025, after jumping from 3.4% pre-pandemic to 10.2% as of 2020. One organization riding this wave is Mercato, an online grocery platform that helps smaller sized […] Brannigan hired some engineers from his last company to assist him construct the software application systems to modernize his dad’s shop, consisting of Mercato’s co-founders Dave Bateman, Michael Mason, and Matthew Alarie. He compares Mercato as a sort of “Shopify for groceries,” as it gives shops their own page on Mercato where they can reach clients. When the consumer sees Mercato on the web or via its app, they can go into in their zip code to see which regional stores provide online shopping. Unlike Instacart and others which send buyers to shops to fill the orders, Mercato allows the merchants themselves to preserve the customer relationship by handling the orders themselves, which they can receive through email, text or even robo-phone calls.

Mexican unicorn Kavak raises a $485M Series D at a $4B appraisal.

Mexican unicorn Kavak raises a $485M Series D at a $4B appraisal.

Kavak, the Mexican startup that’s disrupted the secondhand cars and truck market in Mexico and Argentina, today revealed its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which developed them as a unicorn simply a couple of months back in October […] Mexican unicorn Kavak raises a $485M Series D at a $4B appraisal. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings Kavak’s overall capital raised to date to more than $900 million. Kavak just recently soft-launched in Brazil, and this brand-new round of funding will be used to develop out the Brazilian market and beyond, stated Carlos García Ottati, Kavak’s CEO and Co-Founder. Kavak, which was established in 2016, is an online marketplace that aims to bring security, openness, and access to funding to the used cars and truck market.

Pair Eyeglasses raises $12M to bring more character to your glasses

Pair Eyeglasses raises $12M to bring more character to your glasses

Pair Glasses has raised a $ 12 million Series A to help glasses-wearing kids and grownups turn those glasses into what co-CEO Sophia Edelstein called “a type of self-expression.” Edelstein (who founded the business with her co-CEO Nathan Kondamuri) noted that “you’re investing a lot of cash on [ glasses], and then you’re stuck to […] Set Eyewear provides more versatility by turning a pair of glasses into a two-piece ensemble.”Our average customer client five 5 these top leading, but however range variety incredibleAmazing “Edelstein addedIncluded Pair charges$60 for a base frame and then$25 for each extra Leading Frame. Apparently Obviously is able to offer these savings cost savings to its unique distinct processProcedure as well as its rejection of” industry standard Requirementmarkups. Given that appearing(and receiving financing)on Shark Tank in March of last year, Set has been seeing 30%month-over-month development….

Otrium raises $120 million for its end-of-season style marketplace

Otrium raises $120 million for its end-of-season style marketplace

Otrium has actually raised a $ 120 million round simply a year after raising its $ 26 million Series B round. BOND and returning investor Index Ventures are leading the round. Existing financier 8 Roadways Ventures is also taking part. The principle behind Otrium is rather simple. When products reach the end-of-season status, brand names can note those products on […] When products reach the end-of-season status, brand names can note those products on Otrium and keep offering them. With Otrium, brand names can add another sales channel for those particular items. And because some brand names are unwilling about selling out-of-date products, Otrium attempts to be as friendly as possible with style companies. Otrium would end up offering items that remain appropriate for a longer time.

Amazon acquires Indian retail startup Perpule

Amazon acquires Indian retail startup Perpule

Amazon has acquired a startup in India that is helping offline stores go online, the e-commerce group’s latest attempt to make inroads in the world’s second most populous nation where brick and mortar continue to drive more than 95% of sales. The American e-commerce group said on Tuesday evening that it has acquired Perpule, a […] …