eCommerce

Target’s next-day essentials delivery service opens to customers in pilot test

 Target announced this morning it’s opening up a new, next-day home delivery service called Target Restock to consumers. The company had said in May the service was live and being tested with company employees, ahead of a consumer-facing pilot program that was due to arrive sometime this summer. The service is initially available to Minneapolis-area customers, which is near Target… Read More

Google fined €2.42BN for EU antitrust violations over shopping searches

 The European Commission has fined Google a record-breaking €2.42 billion for antitrust violations pertaining to its Google’s Shopping search comparison service — in what is widely considered the most significant antitrust ruling in Europe since the 2004 Microsoft decision. Its finding states that: Google has systematically given prominent placement to its own comparison… Read More

Miles and Milan is a new online retailer selling baby clothes that don’t suck

 Why must baby clothes be so cheesy? Why can’t they just come in basic colors, using good materials and at a relatively affordable price? Miles and Milan wants to bring the Zuckerberg ethos of minimalism to the baby and toddler set. Read More

Tesco launches one-hour grocery deliveries in London, powered by Quiqup

 The grocery delivery wars look set to get cooking… UK supermarket chain Tesco has announced the launch today of a one-hour delivery service in central London called Tesco Now — echoing Amazon’s Prime Now delivery branding. Read More

Jeff Bezos says Amazon will ‘keep investing’ in India as rivals raise new war chests

 Amazon CEO Jeff Bezos has pledged to continue to invest in India as it bids to keep pace with rivals in the country that have landed large investments from big name backers. SoftBank and Alibaba have pumped close to $2 billion into Paytm lately while India’s original online retailer, Flipkart, won the backing of prestigious trio Microsoft, eBay and China’s Tencent via a recent… Read More

No straight answer on encryption from Europe’s incoming digital chief

 Mariya Gabriel, the EC’s commissioner-designate for the digital economy and society brief, was asked for a clear position on encryption during a Q&A session in the European Parliament today. Yet, once again, no straight answer was forthcoming.  Read More

Nestlé leads $77M round for healthy meal startup Freshly

 Freshly has raised a big funding round from a big name — the U.S. division of food and beverage giant Nestlé. Co-founder and CEO Michael Wystrach has pitched the startup as a way to get healthy, on-demand meals. That doesn’t mean you order from Freshly every time you want to eat — instead, you get one delivery  of all your meals for the week. Then, when you’re hungry,… Read More

Klarna gets a full banking license, gears up to go beyond financing payments

 After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 billion, is stepping up its game. Klarna has announced that it has picked up a full banking license from Finansinspektionen, the Swedish Financial Supervisory Authority. The license will give… Read More

In wake of Amazon/Whole Foods deal, Instacart has a challenging opportunity

 Yesterday, Amazon and Whole Foods ruined a perfectly slow news day on a Friday in June with the announcement that Amazon intends to buy Whole Foods for almost $14 billion. The most obvious victim of the deal was Instacart, in which Whole Foods invested and with whom Whole Foods has a five-year contract. But after talking to a few Instacart investors and other sources close to the company… Read More

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