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Paypal launched Paypal ecommerce platform for businesses!

PayPal’s e-commerce platform used for payment solutions is now available to businesses of all sizes.Paypal has been serving Facebook and Instagram marketplaces and is now open to other businesses.

The PayPal Commerce Platform is designed to give businesses specific needs of marketplaces, crowdfunding platforms as well as e-commerce solution providers.PayPal directly accepts more than 100 currencies and connects with over 277 million active users. They offer secured payments by bringing together the most comprehensive set of tools, technologies, services, and financing for businesses of all sizes around the globe.

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They also give access to payment services such as business financing, mobilePOS, and the ability to offer consumers credit.To sum everything up, this PayPal platform gives any size business access to the same online payment capabilities as the largest online retailers.

The Paypal ecommerce Platform is available in France, Italy, Germany, Spain, the United Kingdom as well as the United States.This platform is expected to expand to more than 40 markets by the end of the year.

Instagram Checkout: You can now purchase a product on Instagram without leaving the app.

Instagram has introduced a new system, Instagram Checkout, which allows users to make purchases of products they love directly from the app.  This was one of the most requested features on Instagram.  With this feature, Instagram is making steady moves to be a full e-commerce platform.  The feature now allows the user to buy directly from the brands without leaving the app.

A Checkout button pops up on the product page when you tap to view a product from a brands shopping post. Instagram Checkout has various options such as size, color as well as payment procedures.  Needless to say that the checkout is robust and easy to use.

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Users will only need be required to enter their name, email, billing information as well as the shipping address the first time they are on Checkout.  Instagram Check out is currently available to people in the US. Instagram will be rolling out more over the coming weeks.

The following brands have already rolled out this feature:

Adidas @adidaswomen & @adidasoriginals
Anastasia Beverly Hills @anastasiabeverlyhills
Balmain @balmain
Burberry @burberry
ColourPop @colourpopcosmetics
Dior @dior
H&M @hm
Huda Beauty @hudabeautyshop
Kith @kithfootwear & @kith
KKW @kkwbeauty
Kylie Cosmetics @kyliecosmetics
MAC Cosmetics @maccosmetics
Michael Kors @michaelkors
NARS @narsissist
Net-a-Porter @netaporter & Mr. Porter @mrporterlive
Nike @niketraining & @nikewomen
NYX Cosmetics @nyxcosmetics
Oscar de la Renta @oscardelarenta
Ouai Hair @theouai
Outdoor Voices @outdoorvoices
Prada @prada
Revolve @revolve
Uniqlo @uniqlousa
Warby Parker @warbyparker
Zara @zara

Considering the popularity of Instagram, ecommerce stores are expected to make good revenue and in turn, Instagram will make revenue.  eCommerce Next expects more features to be released in the coming months.  We will bring you ecommerce news from Instagram as soon as we sniff it out!

Drunk Shoppers spend $45 B every year on online shopping.

An estimated 79% of all alcohol-consuming adults have made at least one drunken purchase in their lifetime. This contributes to an average of $45B being spent drunk online shopping annually.

Amazon is considered to as the drunk shopping platform of choice to many drunk shoppers. The most common drunk purchases are on clothing and shoes are among

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Women are slightly more likely than men to high shop. This makes sense since women generally shop more than men, especially online.

Individual professionals also seem to be more inclined to shop drunk than others. We limited our data to jobs with the highest response rates then parsed out the five industries that are most and least likely to buy under the influence.

Wine, Beer, and liquor seem to bear equal responsibility for terrible decision-making.
While women high shop more than men, men spend more money. Though, considering the gender pay gap, women are likely spending a higher percentage of their salary on drunk purchases than men.

For more information, visit :Billion dollar drunk shopping.

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Dollarama, Canada launched its online store to capture the digital world!.

Dollarama has introduced an online store which offers some of Dollarama’s consumable as well as general merchandise products across Canada.

Canadians acknowledge it as the value retailer that offers a broad assortment of general merchandise products, consumable products, and seasonal items, both in-store and online.

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The new online store will provide additional efficiency to it’s customers as well as other businesses. Approximately 1,000 products are now available for purchase through the online store by the full case only.

The products are selected from the broader consumable and general merchandise offering. Product categories include food, clothing, cleaning, electronics, hardware, health and beauty, home, kitchen, office, party, as well as toys.

For more information, visit : Dollarama’s online shopping platform.
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Amazon acquired Sizmek for their advertisement engine capabilities

Amazon has closed a deal to purchase part of ad tech company Sizmek and its Dynamic Creative Optimization unit.

Amazon reported this acquisition deal last Friday. Amazon has yet to disclose how much it spent on Sizmeks assets.  Sizmek Ad Server and Sizmek DCO will operate separately from Amazon Advertising for the time being.

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The deal brings an ad server to Amazon. The ad server serves as a tool that will place advertisements from Amazon around the web. Amazon also gets dynamic creative, a term for ads tailored to a consumer’s data. For instance,  ads could be customized depending on stock prices, geographical region, or the local weather.

Amazon is a growing contender that can take on the digital ad duopoly of Google and Facebook. The acquisition of Sizmek’s assets will help Amazon further encroach on Google’s ad business.

Amazon will also be able to work with advertisers that don’t sell products on Amazon, like restaurants and airlines.

For more information on the: part of an ad tech company, Sizmek bought by Amazon.

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Amazon may cut off purchasing from small Wholesalers.

Amazon has been reshaping relationships with some of its long-time Wholesalers as a move to cut on costs. Amazon intends to buy from larger companies as compared to smaller companies.

Thousands of small suppliers on Amazon’s platform selling at less than US$10 million annually stand to lose bulk orders, while big brands the likes of Lego, as well as Procter & Gamble, would benefit.

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The move is to help Amazon manage its cash flow better. This cut of  Wholesalers by Amazon frees capital for Amazon to be more strategic, allowing for further increases in third-party sales as well as it brings more product offerings to the marketplace without Amazon spending any cash.

Amazon focuses on improving efficiency; therefore, partners who aren’t cost useful, despite the size stand at risk.

Small wholesale suppliers will still be able to sell more items directly to consumers if If Amazon cuts them off.

Possibilities are that the smaller suppliers could shift to eBay, which still has focused on small suppliers.

Small suppliers are urged by Amazon to sign up for Brand Registry within 60 days if they would like to continue accessing automatic purchase order fulfillment.

Brand Registry is a program that provides brand owners with registered trademarks access to various tools to grow their presence on Amazon. Brand Registry also includes the project Zero initiative aimed at fighting counterfeiters.

For more news visit: Amazon’s plan to cut out small wholesale suppliers.

Grocery e-commerce startup, Kurly closes an upsized $113M Series D round.

Kurly, startup e-commerce on grocery delivery in Korea announced that it had closed an upsized Series D round that secured a total of $113 million.

The company reported the round in April when it was at $88 million. Investors who led this include Sequoia China. However, the company has now increased by $25 million following an injection from, Meitua, China’s illhouse Capital, a firm that counts Tencent, and JD.com among its most successful investments.

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Launched in 2015 by former Goldman Sachs and Temasek analyst Sophie Kim, its Kurly Market service is designed to provide groceries and produce to customers who don’t have the time or interest to visit regular retail stores for their shopping.

Kurly Market products focus on quality and convenience over price

For more information visit: Grocery e-commerce startup, Kurly closes an upsized $113M Series D round.

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27-year-old set to be India’s first lady to co-found a $1 billion start-up.

Ankiti Bose is 27, is on course to become India’s first woman to co-found a $1 billion start-up.
She is the CEO to Zilingo, a Southeast Asian e-commerce platform with more than 7 million active users.
Zilingo’s latest funding round puts the company on course for a likely $1 billion valuation in the coming months. Over the last year alone, its revenues have grown by four times. Zilingo would not disclose its exact figures.

Zilingo has approximately 27,000 merchants in 15 regions and has more than 500 employees across eight locations including the U.S., Australia and Hong Kong. It has so far received $308 million in funding from investors including Singapore’s Economic Development Board Investments (EDBI) and sovereign fund Temasek.

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Zilingo’s headquarters are in Singapore. Zilingo helps independent fashion and lifestyle retailers sell directly to consumers.

Zilingo works by allowing merchants to sign up and self-list their products. However, Zilingo vets each seller for authenticity, pricing as well as a series of other metrics. If approved, they will be admitted onto the site and given access to services like tech support, financing and insurance.

Zilingo charges merchants a commission of between 10% and 30% for each sale.
The success of Ankiti Bose illuminates how women can transform industries as leaders and innovators.

FreshToHome, India’s e-commerce platform raises $11 Million to boost its fish, meat and vegetables produce.

FreshToHome has raised $11 Million in Series A funding to effectively deliver “100 percent” fresh chicken, fish and different kinds of meat to its customers.

FreshToHome will invest this fresh capital to connect with as many as 8,500 new farmers. They also plan to grow their supply chain network as well as  vegetables delivery. It already delivers vegetables in Bengaluru then they plan to expand to two more cities — Mumbai and Pune.

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it has already bagged 400,000 customers across three major cities Bengaluru, Chennai and Kerala in India. On the backend, the startup does business with 1,500 fishermen across 125 coasts.

FreshToHome will compete with a handful of startups, including Licious, ZappFresh, and BigBasket. The cold-chain market of India is estimated to grow to $37 billion in next five years.

For more information visit : FreshToHome fundraising. 

Another Razor Subscription Startup got Acquired. Edgewell will acquire Harry’s for $1.37B

It looks like razor subscription business is hot!  Many established brands have acquired these businesses in the past.  For example, Unilever acquired Dollar shaving club, and P&G acquired Walker & Company.

Now Hary’s is being acquired by Edgewell Personal care for $1.37 B.  Hary’s founded in 2013 has created its name in selling directly to the consumers.  The range included razors, shower gels, face care, and Flamingo brand of women’s razors.

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Edgewell Personal Care, which already owns multiple brands like Banana Boat sunscreen, Wet Ones moist wipes, and Schick razors will further be consolidating its marketing position with this acquisition.

its marketing position with this acquisition.

Handshake is a B2B eCommerce platform which brings manufacturers as well as distributors closer to their customers. This might be both in person and online.
Handshake has made its mission to help manufacturers & distributors expand their business. This is by making it easy for customers to directly order products from stores online or in-person, anywhere and at anytime.  With the acquisition, Harry’s co-founders and co-CEOs Andy Katz-Mayfield and Jeff Raider will become co-presidents of U.S. operations for Edgewell

The combination of Edgewell and Harry’s is a crucial step forward in further transforming the organization and strengthening the competitive position and its ability to drive sustained growth and value creation. Building on Edgewell’s and Harry’s complementary strengths, the combined company will have leading brands and Omni-channel capabilities that are essential to meet the needs of the modern consumer and win in today’s market environment.

Harry’s had previously raised around $375 million in funding, according to Crunch base. The deal is expected to close by the end of the first quarter of 2020.

Shopify secures a good deal for handshake at $100 Million.

Shopify has silently made an acquisition of Handshake to continue its expansion of the services and products that merchants can sell and purchase through its platform.

Shopify is a Canadian e-commerce platform for retail point-of-sale systems and online stores. Shopify offers online retailers services including marketing, payments, customer engagement tools and shipping to simplify the process of running an online store for small merchants.

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The company gave a report that stated it had more than 800,000 businesses in approximately 175 countries using its platform as of December 31, 2018.

Handshake is a B2B eCommerce platform which brings manufacturers as well as distributors closer to their customers. This might be both in person and online.
Handshake has made its mission to help manufacturers & distributors expand their business. This is by making it easy for customers to directly order products from stores online or in-person, anywhere and at anytime.

This acquisition by Shopify underscores how it’s expanding to a way that puts it into closer competition with the likes of Amazon and Alibaba.
Shopify is targeting the area of the e-commerce market where brands and other merchants sell items wholesale.
It has been disclosed the value of the deal to $100 million.

For more information visit : Shopify buys handshake to boost b2b commerce tools.

Adobe launches Amazon and Google Integrations on Magento Commerce

Adobe has launched a series of integrations in the Magento commerce platform aimed to reach out to small and medium enterprises.  Adobe announced several updates to Magento that aims at expanding the platform’s to reach for the small and mid-size businesses that use the service.

The most significant integrations are around Amazon and Google.

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With Amazon, the merchants can manage the Amazon inventory from Magento Backend.  They can virtually manage all aspects of their Amazon storefront like pricing rules, managing multiple amazon accounts, sales channels, product images, and description in Magento.  It gives the merchant a massive advantage as they don’t have to duplicate their efforts to create Amazon storefront.

Both of these features are now available to all the Magento users through a free extension available on Magento Marketplace.

The War is getting Bigger! Walmart announces free next day delivery without any membership fees!

Amazon is getting head-on e-commerce competition from Walmart. The game is going to go stiffer and stiffer in the coming days. It is good news for the end consumer as this means more innovation from both of these companies.

In the series of changes that Walmart (WMT) is bringing in its platform, Walmart has now launched next day delivery service. In comparison with Amazon prime, this service does not require any prime membership. So it can be very compelling, and we suspect that many users may jump the ship to Walmart!

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The shoppers on Walmart.com will have access to more than 220000 commonly sell products and get them delivered in one day.

The next day delivery service is initially launched in Phoenix and Las Vegas. It will further be expanded to South California. Walmart estimates that by the year end, they will cover 75% of US geography. The service will include 40 out of the top 50 most selling locations.

Customers are getting more choices, and more market disruptions are coming!

Digital Investments Pay Off for Walmart in the Ecommerce Race.

Walmart overtook Apple last year to become the third-largest retailer in the U.S. Walmart continues to widen the gap in ecommerce sales recording a growth of about 33% ($27.81 billion) this year

This year, the big-box retailer will record a 4.6% share of the US ecommerce market and a 0.5% share of the total retail market, behind eBay and Amazon.

A strong holiday season helped fuel ecommerce sales for Walmart. Walmart used its expansive store footprint to drive click-and-collect purchases therefore a reported 131.9 million online users visted the site.

Top 10 US Companies, Ranked by Retail Ecommerce Sales Share, 2019 (% of total US retail ecommerce sales)

Amazon will retain its dominance of the US ecommerce market, commanding 47.0% of sales this year. Its ecommerce business will grow 20.4% to reach $282.52 billion. And the company now commands 5.1% of the total US retail market.

Even though Amazon’s growth rate is slowing as the platform matures, it is still in the double digits.

For more information visit : Digital Investments in Walmart. 

Ecommerce in France to hit 104 billion euros

Business-to-consumer ecommerce in France is expected to reach a turn out of 104.2 billion euros by the end of 2019. This findings from Ecommerce Foundation would mean an increase of 12.5 percent compared to the situation last year when ecommerce in France was worth 92.6 billion euros.

It will probably be the first time since 2014 that the growth rate of French e-commerce will be below 13 percent.

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It will probably be the first time since 2014 that the growth rate of French e-commerce will be below 13 percent.

Amazon leads in online store purchases in France, with a turn out of 2.19 billion euros in revenue last year.

Below is a list of the top 10 biggest online retailers and their tax returns in France in 2018:

1. Amazon              2.185  billion euros

2. Cdiscount.          2.075  billion euros

3. Vente-Privee      1.885  billion euros

4. Auchan               1.318  billion euros

5. Apple                   820    million euros

6. Fnac                     675    million euros

7. Showroomprivé 588    million euros

8. La Redoute         533    million euros

9. Carrefour            494    million euros

10. Zalando            472.   million euros

For more information visit : Ecommerce in France

Marriott plans to set in motion a home-rental market platform to compete with Airbnb.

Marriott International is finalizing on its plans to launch a new home-rental business with the aim of competing with Airbnb and other home-sharing companies.

It would be the first major hotel company to create a home-rental platform while in the U.S. They had a similar pilot program while in Europe. The pilot program offered 340 properties in four European cities.

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Marriott International also announced that it intends to purchase Starwood Hotels & Resorts at a whooping $12.2 billion. This lucrative deal would create the world’s biggest hotel company.

Marriott has close to 1.3 million guest rooms worldwide while on the other hand Airbnb has nearly 5 million rooms listed.

The company would allow guests using the platform to earn and redeem loyalty points. This is similar to what customers did with other brands Marriott owns, including Sheraton, W hotels and Ritz-Carlton.

For more information visit : Marriott plans to launch home-rental market platform that would compete with Airbnb.

WebLinc has secured a funding deal to meet the increased demand for Workarea Commerce Platform.

WebLinc, an Ecommerce Software Company, recently announcedy that it has secured a $6 million investment together with Montage Capital and Partners for Growth (PFG) .

WebLinc serves as a provider of commerce and operations management systems for high growth retailers and brands. They provide services such as ; innovative cloud SaaS products, Workarea and Orderbot.

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The new funding will build on an impressive growth experience for WebLinc. In the previous year, numerous international brands and retailers such as BuzzFeed, Lonely Planet and Reformation. They have all launched on the company’s user-friendly commerce platforms.

The capital boost will cover the scale needed to meet the increasing demand for Workarea and Orderbot while in North America and beyond. This will benefit brands and top-tier commerce agencies eager to implement the products.

In addition to common e-commerce functionality, the platform includes CM, unified search, an analytics and insights engine, PIM, OM, together with customer service. It is based on full API architecture delivered on a modern technology stack.

To learn more visit :Ecommerce Software Company Secures Funding to Meet Increased Demand for Workarea Commerce Platform and

A new approach to commerce

Amazon plans to put in $800 million to effect a one-day free shipping default for prime members.

Although Amazon already has a two-day shipping default for more than 100 million Prime members, it plans to reduce this shipping to a day. Chief Financial Officer Brian Olsavsky said that  Amazon intends to invest $800million in the second quarter to make one-day shipping default available to Prime members.

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CFO Brian Olsavsky stated this while at the company’s first quarter on Thursday. The adjustments would undoubtedly expand on the number of products suitable for the one-day free shipping. Currently, the number of products available for the two – day shipping on Amazon is over 100 million in number.

Amazon plans to upgrade its warehouses and delivery systems to accommodate this revolutionary change as well as using the U. S. Postal service, UPS and Amazon’s own delivery systems.

The change will begin with North America then spread out globally. Amazon plans to take advantage of the Omnichannel experience for its customers to access this feature easily through any platform.

For more information visit here

Shopback, Singapore raises $45million in series B funding

Shopback, a Singapore based e-commerce venture specializing in offering cashback has raised US $ 45 million in series B funding from EDBI and other investors. They previously closed series A round of US $ 25 million in 2017.

With this latest round of funding, Shopback is set to create its presence in new markets.

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About Shopback

ShopBack is a digital loyalty and discovery platform, on a mission to create a world of Smarter Shoppers. Founded in 2014, ShopBack has since established its online presence in 7 APAC countries and offices in 8 countries.

With more than 1,500 eCommerce merchants onboard, ShopBack counts Taobao, Expedia, Lazada, Zalora and other well-known local and international brands amongst its merchants. With 6 million users and powering 1 order every 3 seconds, we have awarded more than USD 25 million in cashback till date.

Walmart now available on Google Voice

Voice commerce is growing fast. In a couple of years, voice commerce will become a new normal. More and more stores are introducing voice commerce capabilities.

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Walmart has announced a machine learning based voice capabilities in partnership with Google. Buyers will now be able to directly order via any Google assisted platforms. Walmart says that the system is intelligent enough to pick the trends from your past purchases. For example, you don’t have to say “Order Great Value Greek Plain Nonfat Yoghurt, 32 oz”, you just have to say “Order yoghurt”. It will be based on your past purchases, so over a period of time, the system will become intelligent enough to understand your preferences.

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