R|T: The Retail Times – Walmart stores for Toronto tech talent

The Retail Times is a weekly newsletter covering retail technology news in Canada and around the world.

Subscribe to R|T using the form at the bottom of this page to make sure you don’t miss any of the most important retail tech news each week!


With new funding of US$150 million, Montreal’s Talent.com is ready to take on Indeed worldwide (BETAKIT)

The past few years have been tumultuous for Montreal’s Talent.com. Founded in 2011, the job search platform had reached an inflection point in 2019: profitable, more or less bootstrapped, and global in scale – but still far behind market leader Indeed.


Getir Officially Announces $768M Series E Funding, Now at a Decacorn Valuation of $11.8B (EU TECH)

Turkish on-demand delivery leader Getir has confirmed information on its $768 million Series E round at a valuation of $11.8 billion. As such, the investment makes Getir the leading grocery delivery decacorn in Europe. The funding will be used to further lead Getir’s charge as it aims to conquer and dominate its active markets.


Walmart launches global tech hub in Toronto, plans to hire hundreds (BETAKIT)

Walmart said it intended to make Toronto one of its biggest tech hubs with the promise of providing hundreds of jobs over time. For its initial hiring phase, the company is expected to hire 45 full-time workers from the city for software development, technical program management, and product management.


Amazon completes acquisition of MGM for $8.5 billion (VARIETY)

JD.com Inc. reported 23% revenue growth after China’s second-largest e-commerce operator managed to boost user numbers despite stiffer competition and slowing consumption .


Microsoft leads MedMe’s C$3.4M funding round to help pharmacies grow beyond retail (BETAKIT)

To date, the Toronto-based Y Combinator graduate has amassed a list of over 3,600 Canadian customers ranging from independent pharmacies to some of Canada’s largest drugstore chains, including Rexall, Shoppers Drug Mart, Guardian and Pharmasave, for which he adapted its platform. during the pandemic.


Forto Logistics Technology Valued at $2.1 Billion After Latest Funding Round (Reuters)

Forto said on Monday it raised $250 million in a funding led by technology investment firm Disruptive and including SoftBank’s Vision Fund 2 (9984.T) that nearly doubled the transportation company’s valuation. freight to $2.1 billion in eight months.


Bloom secures C$1.4M and launches AI-powered platform to measure e-commerce product photo performance (BETAKIT)

Bloom’s original goal was to help e-commerce brands create photorealistic fashion models using generative AI. But after talking to a ton of e-commerce merchants, Bloom co-founders Aarlo Stone Fish (CEO) and Sam Dundas (COO) realized that none of the retailers they consulted knew which product photos were converting into sales, so the pair decided to fix that.


Russian sanctions bankrupt Buyk (PROTOCOL)

Buyk halted operations effective March 4 at its 39 locations and plans to sell the rest of its inventory after launching in New York last year and expanding to Chicago in early 2022. The company had raised $46 million. dollars in funding, according to Crunchbase, and listed assets and liabilities of up to $10 million each in its bankruptcy filing Thursday, according to Bloomberg.


As some Canadian tech companies take steps to support Ukrainians, others are cutting ties with Russia (BETAKIT)

In a microcosm of world events, some members of the Canadian tech community are moving to help Ukrainians while others are cutting ties with Russian affiliates as the Russian invasion of Ukraine enters its third week.


GoTo raises $1.3 billion ahead of Indonesian super app’s IPO (BNN BLOOMBERG)

The Jakarta-based company expects more investors to join the fundraiser before final completion in the coming weeks. Other backers in the round included Permodalan Nasional Berhad, Primavera Capital Group, SeaTown Master Fund, Temasek Holdings Pte, Tencent Holdings Ltd. and Ward Ferry.


Led by Serena Williams’ venture capital fund, Calico closes C$2.6m to help D2C fashion brands manage their supply chain (BETAKIT)

Kathleen Chan, Founder and CEO of Calico, previously launched and grew her own D2C jewelry and apparel businesses, where she learned about the challenges associated with managing the supply chain activities of a D2C brand. .


Zomato and Blinkit Reach Merger Agreement (TECHCRUNCH)

Food delivery company Zomato and instant delivery service Blinkit have reached an agreement to merge, a source familiar with the matter told TechCrunch. The all-stock deal values ​​Blinkit at between $700 million and $750 million.


Somm acquires last-minute restaurant booking app Dinr to go beyond wine recommendation (BETAKIT)

For Somm, the Dinr acquisition helps the startup expand beyond wine recommendation — where the company got its start — and provide access to restaurant reservations. Somm called the deal “part of a larger vision.”


How Glossier Founder Emily Weiss’ Tech Dreams Derailed Millennial’s Hottest Beauty Brand (INTERNAL FROM THE BUSINESS COMMUNITY)

In early 2018, Emily Weiss, founder and CEO of Glossier, hired a DJ to launch her new makeup line, Glossier Play. The products, inspired by the music, were intended to be a bolder, maximalist spin-off of Glossier’s beloved staples.


Subscribe to The Retail Times

Don’t forget to subscribe to The Retail Times using the form below to make sure it reaches your inbox every week!

Comments are closed.