Shares in Booktopia jumped 25% on the opening day of trade for the online retailer as a four-year ambition for founder and CEO Tony Nash came true. The company (ASX: BKG) hit the market at $2.86, a 24% premium to the $2.30 issue price, when trade opened at 11am, before ending the day at $2.72… Read more »
Retail tech startup Longtail UX has raised $2.25 million led by Woolworths Group’s venture capital arm, W23, and Steven Lew’s Global Retail Brands. The supplementary equity comes on top of $3 million round in March this year, led by Investec through its Investec Emerging Companies Fund I. Woolworths is looking at adopting the startup’s technology across… Read more »
Fintech Assembly Payments is launching e-commerce joint venture with UK banking giant Standard Chartered
British banking multinational Standard Chartered is launching a joint venture company with fintech Assembly Payments to develop next generation payment solutions for the US$29 trillion e-commerce sector. The deal is a major coup for Assembly Payments, which launched in Melbourne in 2014, began providing online payment solutions with escrow services for marketplaces and platforms, before… Read more »
German startup giant Rocket Internet has acquired Australian online corporate catering business Order-In. The terms of the deal were not disclosed.
Though Australian shoppers may be excited about Amazon’s arrival down under – and the dramatic drop in shipping fees expected to come with it – the headlines announcing the imminent death of the local retail sector are somewhat melodramatic. As it turns out, many local consumers still enjoy the bricks and mortar experience and will… Read more »
Coffee ordering and payments app Hey You has announced a $2 million Series B funding round as it looks to enter its next growth phase. The round, led by existing investors Reinventure and Exto Partners, will go towards supporting Hey You’s vision to expand nationwide to become Australia’s number one cash-free marketplace.
From having to change their name just before launch to their acquisition and subsequent buyback from The Catch Group, Vinomofo’s road to success has been well documented within the Australian startup community. Now the mainstream online retail industry is taking notice, with the startup taking out three awards at last week’s Online Retail Industry Awards (ORIAs), including the top prize of Online Retailer of the Year.
A couple of weeks ago I sat down with Aunkur Arya, the General Manager of Mobile for payments company Braintree, to discuss the findings of a recent survey and analysis conducted by the company powered by SurveyMonkey.
Founded by Nigel Johnston, QualityTrade launched in August this year; and in the last three months has clocked up over 12,000 members. The key to its success? Making it easy for customers that have been poorly served by Alibaba.com to fulfil their wholesale import requirements.
In August this year, rumours spread across the Asia Pacific that the Indonesian Government was planning on adding ecommerce stores onto the country’s ‘Negative Investment List’.
The current crop of ‘hipster’ businesses, or if you must be politically correct, the businesses which service a niche market of the alternative cool, are also the ones who are today testing the waters when it comes to selling a lifestyle ideal via the e-commerce space. How successful are they?
An Australian fitness startup is targeting the 21st century gym junkie – a person who never ventures further than the home to the gym (and maybe sometimes to Costco’s meat department).
BuyitRideit is an online platform dedicated to all things action sports. The site provides customers with great deals and expert advice, also allowing them to connect with retailers who are promoting their business, products and services on BuyitRideit’s rapidly growing marketplace.