e-Commerce & more I 22nd to 28th Mar - #82

$1.74Bln! 

That’s the amount of money raised last week by 3 On Demand Delivery companies!! 

Food and grocery delivery exploded during the pandemic! 

It has created a huge amount of money invested into this space, competition is increasing, consolidating is increasing! Who will win?

I’m wondering what happens if the rule that was just passed by the supreme court in the UK with Uber on drivers being employees and not self employed start to be applied to all gig economy delivery companies across the globe… That will be interesting!

...German Gorillas On demand delivery raised $290M

...Turkish Getir On demand delivery raised $300M

...US GoPuff On demand delivery raised $1.15Bln (Yes Billions!!)

Let’s not forget…

Headless Commerce Startup Chord raises $18M

Second Hand clothing site Thred Up popped 43% on IPO day

TiendaNuve (One of the Shopify’s of LATAM) raises $90M

Indian social commerce startup DotPe raised $27.5M 

On Demand Delivery is HOTTTTT!!

Gorillas, on-demand grocery delivery startup, raises $290M and ‘surpasses’ $1B valuation

Receive your groceries in 10 Minutes, that’s what the Berlin based company Gorillas is aiming for!!

The company is one year old and already present in more than 12 cities, including Amsterdam, London and Munich!

The space is becoming very crowded with companies including London’s Jiffy, Dija, Weezy, and France’s Cajoo. There’s also London-based Zapp, Turkish Getir which are very active in the regions.

Interesting time! If you need your groceries in 10 minutes, you know where to go now!

Turkish delivery firm Getir raises $300 million for expansion – CEO

Istanbul-based Getir which was established in 2015 also promise to deliver thousands of grocery items “within minutes”, including eggs, ice cream, nappies and cat food.

The company is expanding rapidly and already operates in London and planning to get into Germany, France and the Netherlands in a couple of months.

Delivery Startup GoPuff Raises $1.15B in Latest Funding Round

$8.9Bln, that’s the value of GoPuff !! Mind blowing!!!

Founded in 2013, the Philadelphia company operates in more than 500 U.S. cities through 200 fulfillment centers! The valuation has more than doubled from five months ago… GoPuff increased 400% in the first half of 2020 and that got investors excited!

That combined with DoorDash & Coupang IPOs have got the investors extremely extremely bullish on this space!! Is it overpriced? 

Headless Commerce takes off!

Chord, a headless commerce startup led by former Glossier execs, raises $18M

Founded by former Glossier executives, the commerce platform Chord provides brands with “commerce as a service.” Yes, we have a new acronym to use now CAAS!!

Basically, as companies are starting to buy e-commerce infrastructure that’s separate from the front-end experience, Chord is designed to provide all of the needs across multiple products and features.

That includes content management, customer data platform, order management and more.

R-Ecommerce is Hot!!

Secondhand Clothing Site ThredUP Raises $168 Million in IPO

Last year, I told you to watch out for Thred up !! Now it’s the time to invest my friends (not qualified to give financial advice here but that’s what I’m doing on this ne)!!

The recommerce economy will be huge and companies like thred up as best positioned in the fashion & apparel category!!

The recommerce economy is estimated to be worth $51Bln by 2023! Interesting no?

Shopify’s of LATAM…Are on the rise!!

Tienda Nuve raises 90M in series D$$

Tienda Nuve just raised 90M in series D, one of Shopify competitors in Latin America is growing in the region as Covid has pushed many SME to digitalize and go “Direct To Consumers”

The company grew from 20K merchants to 80K merchants in one year and is helping large companies such as Playmobil, Billabong or Luigi Bosca (Love this wine, if you don’t know it, you should try it) to digitize in latin America 

Social commerce explosion

Google backs one-year-old Indian startup DotPe in $27.5 million fundraise

Indian based one-year-old DotPe raised $27.5 million in its Series A. The company helps brick and mortar stores sell to customers online and collect payments digitally.

The company help the stores to digitize their inventory and make them available on WhatsApp and reach customers there. With more than 450M in India, whatsApp is the most popular smartphone app in India!

The company is betting on the combination of SMEs digitalization + social commerce. Space to watch!

My last interview on Ecommerce with Milenio Mexico (In Spanish)

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Cheers

Nabil