Techmeme

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Jason Del Rey / Recode:
Online dress rental service Rent the Runway raises $60M Series E led by Fidelity, says this year was profitable as revenue grew to $100M+   —  The company was profitable in 2016 on revenue north of $100 million.  —  In March, Rent the Runway CEO Jennifer Hyman told Recode …
Dec 27, 2016, 2:10 PMIn context
Jason Del Rey / Recode:
Online wedding registry Zola confirms it received $25M investment led by Lightspeed Venture Partners; Lightspeed partner Alex Taussig to join board   —  Lightspeed Venture Partners led the round  —  When Shan-Lyn Ma started Zola, there were several characteristics of the wedding registry industry …
Dec 14, 2016, 9:00 PMIn context
Jason Del Rey / Recode:
Postmates' investors converted their preferred stock to common stock at latest funding round, forfeiting their liquidation preferences to help retain employees   —  One downside to the new fundraise.  —  Postmates' difficult but successful investment raise of $141 million has given the delivery startup new life.
Nov 6, 2016, 9:15 PMIn context
Jason Del Rey / Recode:
Sources: popular shopping app Wish is raising around $500M at a valuation between $3.5B and $5B; Temasek, owned by Singapore's government, is a lead investor   —  The fast-growing startup also raised $500 million last year.  —  Wish, the maker of the No. 2 shopping app of the same name …
Nov 4, 2016, 2:00 AMIn context
Jason Del Rey / Recode:
Criteo is paying $250 million to buy e-commerce ad firm HookLogic   —  Like Google product listing ads, but for e-commerce sites.  —  HookLogic, a startup that helps consumer brands place ads on e-commerce sites, has agreed to sell for $250 million to publicly traded ad-tech firm Criteo.
Oct 4, 2016, 12:10 PMIn context
Jason Del Rey / Recode:
Amazon's jobs website shows Echo and Alexa groups are currently looking to fill 400 positions   —  Alexa, we're going to need some more recruiters.  —  When Jeff Bezos revealed in May that Amazon employed more than 1,000 people working on Echo and Alexa products, he warned: “It's just the tip of the iceberg.”
Oct 1, 2016, 9:50 PMIn context
Jason Del Rey / Recode:
Online grocery service FreshDirect, popular in New York, raises $189M round led by JPMorgan Asset Management to expand in new cities   —  One of the oldest online grocers gets a huge cash infusion.  —  FreshDirect, an online grocer that has a large following in the New York metropolitan area …
Sep 26, 2016, 7:45 AMIn context
Jason Del Rey / Recode:
Sources: online home-furnishings retailer One Kings Lane sold for less than $30M this year after being valued at $900M in early 2014   —  In the wake of two huge e-commerce acquisitions, a reminder of the tough ones.  —  One Kings Lane, an online home-furnishings retailer …
Aug 23, 2016, 7:00 PMIn context
Jason Del Rey / Recode:
Square is chasing growth by expanding its lending business to non-Square merchants   —  A partnership with the startup Upserve will give 7,000 restaurants access to Square Capital.  —  Square's lending business, Square Capital, has been a pleasant surprise from the start.
Aug 11, 2016, 12:30 AMIn context
Jason Del Rey / Recode:
Sources: Jet CEO Marc Lore will run Walmart's US e-commerce operations after the acquisition closes   —  Jet.com CEO Marc Lore will also run Walmart.com  —  Walmart, the world's largest retailer, announced it will acquire two-year-old online retailer Jet.com for $3.3 billion in cash and stock …
Aug 7, 2016, 8:14 PMIn context

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