Shopify

Shopify crushes earnings, topping $1B in revenue for first time

Total second-quarter revenue jumped 57% year-over-year for Shopify, signaling that there is no slowdown happening in the e-commerce space.

The company said revenue was $1.12 billion and gross profits increased 64% to $627 million, compared to $381.4 million in Q2 2020. In fact, Shopify (NYSE: SHOP) posted increases in nearly every financial category. Subscription solutions revenue increased 70% year-over-year to $334.2 million; merchant solutions was up 52% to $785.2 million, gross merchandise...

https://www.freightwaves.com/news/shopify-crushes-earnings-topping-1b-in-revenue-for-first-time

Shogun raises $67.5M to scale headless commerce technology

Headless commerce company Shogun has raised $67.5 million in a Series C funding round led by Insight Partners. Existing investors Initialized Capital, Accel and VMG Partners also participated. The new funding round brings total funding in the startup to $114.5 million.

Headless commerce refers to a technology platform that stores, manages and delivers content on demand through an API rather than hosting the content in a static front-end system. Shogun offers two solutions to brands and retailers...

https://www.freightwaves.com/news/shogun-raises-67-5m-to-scale-headless-commerce-technology

ShipBob reaches $1B valuation with new funding round

The money keeps flowing into the last-mile logistics space and the latest company to reap the benefits is cloud-based platform ShipBob, which announced a $200 million Series E round Tuesday morning.

The new funding, which brings total funding in the company to $330.5 million according to Crunchbase, doubles ShipBob’s valuation from its Series D funding round in September 2020 to more than $1 billion today, it said in a release.

The Series E financing was led by Bain Capital Ventures, which led...

https://www.freightwaves.com/news/shipbob-reaches-1b-valuation-with-new-funding-round

Vendoo magic: Platform puts multiple marketplaces at resellers’ fingertips

The reseller’s market has boomed in recent years, powered by the ease of use for platforms such as eBay (NASDAQ: EBAY), The Real Real (NASDAQ: REAL) and Poshmark (NASDAQ: POSH) among others. A 2020 report on the market by ThreadUp and Global Data predicts the resale apparel markets alone will top $64 billion by 2025 – up from $28 billion in 2020.

Resale is growing 25 times faster than retail overall, the companies found.

The problem sellers face with the resale market is that it is fragmented –...

https://s29755.pcdn.co/news/vendoo-magic-platform-puts-multiple-marketplaces-at-resellers-fingertips

Shopify revenues accelerate but growth rate to start slowing

Shopify announces standout Q1 earnings

The e-commerce boom of 2020 is continuing into 2021 and one of the first major e-tailers to announce Q1 earnings is confirming that. Shopify (NYSE: SHOP) reported total revenue in Q1 of $988.6 million, 110% growth year-over-year, powered by a 137% growth in Merchant Solutions revenue of $668 million.

Subscription Solutions revenue climbed 71% to $320.7 million, the Canadian-based company said Wednesday morning.

“Shopify’s momentum continued into 2021 as digital commerce tailwinds remained strong...

https://www.freightwaves.com/news/shopify-revenues-accelerate-but-growth-rate-to-start-slowing

E-commerce tracking firm AfterShip lands $66M funding round

E-commerce shipment tracking platform AfterShip has landed a $66 million Series B round of funding led by Tiger Global Management. The company previously raised a $2 million Series A1 in 2019 led by 10Fund and a $1 million Series A in 2014 led by China’s IDG Capital Partners, according to data compiled by Crunchbase.

Founded by Andrew Chan, the Hong Kong-based company provides e-commerce shipment tracking and has partnerships with over 700 carriers worldwide tracking over 6 billion shipments,...

https://www.freightwaves.com/news/e-commerce-tracking-firm-aftership-lands-66m-funding-round

Kaspien CEO: Take a diversified, cautious approach to minimize supply chain disruption

When the massive container ship Ever Given turned sideways in the Suez Canal, blocking ship traffic for about a week at the end of March, it represented the latest global trade disruption. Fittingly, the Evergreen ship blockage came approximately a year after the world first shut down from the COVID-19 pandemic. In the interim, there were toilet paper and hand sanitizer shortages and then a massive backlog in the supply chain as demand for freight capacity not only returned but surpassed...

https://www.freightwaves.com/news/kaspien-ceo-take-a-diversified-cautious-approach-to-minimize-supply-chain-disruption

GreenDropShip adds app for Shopify sellers to add grocery items

Sellers on Shopify can now offer natural and organic grocery products through a new app from GreenDropShip.

The GreenDropShip app is the first that allows Shopify (NYSE: SHOP) sellers to add grocery items to their online stores, the company said. Sellers can add over 20,000 items to their stores, including natural and organic grocery, body care, supplements and household products.

“We created the GreenDropShip app to offer Shopify merchants a way to have seamless automation. It saves time and...

https://s29755.pcdn.co/news/greendropship-adds-app-for-shopify-sellers-to-add-grocery-items

Faster. Cheaper. Greener: Accenture’s plan for a sustainable last mile

As e-commerce packages zip across the country from warehouse to doorstep, the number of emissions continue to grow. The king of the genre, Amazon’s (NASDAQ: AMZN) Jeff Bezos, claims that e-commerce is more environmentally friendly than in-store shopping.

“Amazon’s sustainability scientists have spent more than three years developing the models, tools and metrics to measure our carbon footprint,” Bezos wrote in a shareholder letter in early 2020. “Their detailed analysis has found that shopping...

https://s29755.pcdn.co/news/faster-cheaper-greener-accentures-plan-for-a-sustainable-last-mile

Onfleet, Bond combine to offer sellers full suite of e-commerce services

Sellers using third-party e-commerce platforms face logistical issues in moving their goods, but more companies are joining forces to ensure the process of ordering, shipping and returns is as smooth as possible.

The latest is a partnership between on-demand delivery company Onfleet and “post-purchase” provider Bond. The agreement will combine Onfleet’s last-mile delivery management software with Bond’s software, which integrates with most major e-commerce platforms, to offer customers an...

https://s29755.pcdn.co/news/onfleet-bond-combine-to-offer-sellers-full-suite-of-e-commerce-services

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