Tag Archives: Ecommerce

PetSmart acquires Chewy.com for $3.35 billion


After Walmart’s acquisition of Jet.com for $3.3 billion last year, another traditional brick and mortar retailer is getting into the online business. Last week, PetSmart, the American retail chain that sells pet supplies and services, has acquired pet ecommerce site Chewy.com for a jaw-dropping price tag of $3.35 billion. The deal is said to be the biggest ecommerce acquisition in history. According to analysts, PetSmart stands to reap several benefits from the deal including a broader customer reach, better digital marketing, expanded omnichannel capabilities, and a bright spot in the future of shopping. According to reports from BI Intelligence, ecommerce is truly becoming the future of retail with a projected growth of $632 billion in 2020.

Flipkart raises $1.4 billion in a bid to go head-to-head with Amazon


India’s largest ecommerce site Flipkart has recently closed a massive funding round of $1.4 billion from Microsoft, eBay, and Tencent. It has also acquired eBay India. According to sources, the new funds will be used to strengthen Flipkart’s firepower to tackle major players like Amazon and Alibaba. Talks are also rife that Flipkart is planning to merge with local rival Snapdeal, which is backed by Japan’s Softbank. If the merger between Flipkart and Snapdeal finally occurs, it will soon become a three-way fight between Amazon, Flipkart, and Paytm, which has Alibaba as its biggest stakeholder. India’s ecommerce market is the second largest in the world next to China, and projected to be worth $47 billion by 2020.

Amazon acquires Souq.com


After dominating the US and European ecommerce markets and having its presence felt in India and China, Amazon is setting its sights on an even more ambitious goal: to conquer the Middle East. The ecommerce giant recently acquired Dubai-based Souq.com, the biggest ecommerce platform in the Middle East for $650 million. Described as a clone of Amazon, Souq.com boasts of having 45 million site visits per month and delivers to seven countries including the UAE, Egypt, Saudi Arabia, Kuwait, Bahrain, Oman and Qatar. According to reports, although the entry of Amazon could bolster the ecommerce industry in the region, the acquisition is not the ideal exit investors had hope for Souq.com, which was already valued at $1 billion during its last round of funding in 2016.

Top 20 Rest of the World Deals for January 2017

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $91,000,000 Golan Telecom Electra Consumer Products Hardware & Infrastructure Acquisition
2 $80,000,000 Rounds Kik Mobile & Apps Acquisition
3 $56,000,000 AppsFlyer Consortium Marketing Investment
4 $20,000,000 HealthWatch Yiling Hardware & Infrastructure Investment
5 $15,000,000 CorePhotonics Consortium Hardware & Infrastructure Investment
6 $13,500,000 Earnix Consortium Software & Services Investment
7 $13,000,000 iyzico Consortium Transactions Investment
8 $11,600,000 VisIC Technologies Birch Investment Hardware & Infrastructure Investment
9 $6,000,000 Lumus Alibaba Hardware & Infrastructure Investment
10 $6,000,000 Secret Double Octopus Consortium Software & Services Investment
11 $5,000,000 Vezeeta.com Consortium Transactions Investment
12 $3,000,000 Flytrex Consortium Hardware & Infrastructure Investment
13 $2,500,000 Cybellum Blumberg Capital Software & Services Investment
14 $2,500,000 BitPesa Undisclosed Transactions Investment
15 $1,500,000 Sinemia Revo Capital Transactions Investment
16 $750,000 Jamii Africa Undisclosed Transactions Investment
17 $500,000 GradTrain Undisclosed Transactions Investment
18 $500,000 Ensibuuko Undisclosed Transactions Investment
19 Undisclosed Team8 Microsoft, Qualcomm Software & Services Investment
20 Undisclosed Abbi.io WalkMe Software & Services Acquisition

More information

  1. Electra Acquires Golan Telecom For $91 Million (News18)
  2. Kik snaps up video chat app maker Rounds for a reported $60-$80 million (TechCrunch)
  3. AppsFlyer Raises $56M Series C Financing (FinSMEs)
  4. Israeli HealthWatch – inspired by founder’s father’s heart attack – receives $20M to enter China (Geektime)
  5. Corephotonics raises $15 million from Samsung, Foxconn, MediaTek (Reuters)
  6. Israeli fintech co Earnix raises $13.5m (Globes)
  7. iyzico raises $13m in Series C round (212)
  8. VisIC Technologies Raises $11.6M (No Camels)
  9. Augmented reality lens maker Lumus conjures up a $6M investment from Alibaba (Geektime)
  10. Secret Double Octopus nabs $6M for a stronger, easier alternative to regular 2FA (TechCrunch)
  11. Vezeeta secures $5m for regional expansion (Daily News Egypt)
  12. Flytrex lands $3M to make drone delivery a thing (TechCrunch)
  13. Israeli cyber security co Cybellum raises $2.5m (Globes)
  14. BitPesa closes a $2.5M round to expand digital payments business beyond Africa (AppsAfrica)
  15. Movie ticket subscription service Sinemia raises $1.5 million for its US expansion (Tech.eu)
  16. Tanzania’s Jamii raises $750k funding for expansion (Disrupt Africa)
  17. Edtech Startup GradTrain Closes $500k Seed Financing (FinSMEs)
  18. Ensibuuko closes $500,000 worth of investment (Techjaja)
  19. Microsoft, Qualcomm back Israel’s Team8 cybersecurity firm (Reuters)
  20. WalkMe acquires Abbi.io to add mobile A/B testing and engagement (TechCrunch)