Online shopping experience platform preezie has raised $5.5 million in a Series A. The round was led by ASX-listed, Afterpay-backed Touch Ventures and Steve Baxter’s investment syndicate, TEN13. Preezie will allocate the cash to team and product growth as well as international expansion. The company previously raised $575,000 in a seed round 18 months ago.… Read more »
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 »
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).