Tag Archives: Shopify

Shopify acquires KitCRM

Commentary

We are on the brink of a bot revolution. Last week, X.ai’s virtual assistant bot Amy Ingram raised $23 million in funding from investors. Yesterday, another artificially intelligent bot KitCRM was acquired by Shopify. Created for SMEs, KitCRM is an intelligent order management bot which can handle a company’s CRM requirements. It can create Facebook and Instagram ads with a targeted audience, post updates on Facebook, send marketing campaigns, create business reports, and even write personalised notes to customers. Similar to a real person, KitCRM understands and communicates using natural language to provide seamless user experience. Shopify did not disclose the purchase price for this private acquisition.You can read about the acquisition here.

Top 20 Ecommerce Deals for December 2013

Deal No. Amount Paid (USD) Company Investor/Buyer Sector Deal Type
1 $700,000,000 360Buy Ontario Teachers’ Retirement Fund, Kingdom Holdings Ecommerce Investment
2 $250,000,000 Lazada Consortium Ecommerce Investment
3 $206,000,000 ShopRunner Alibaba Ecommerce Investment
4 $200,000,000 Flipkart Consortium Ecommerce Investment
5 $160,000,000 Flipkart Consortium Ecommerce Investment
6 $150,000,000 Fab Consortium Ecommerce Investment
7 $130,000,000 Lamoda Consortium Ecommerce Investment
8 $112,000,000 Zalora Access Industries Ecommerce Investment
9 $110,000,000 LivingSocial Undisclosed Ecommerce Investment
10 $100,000,000 Vancl Undisclosed Ecommerce Investment
11 $100,000,000 Zalora Consortium Ecommerce Investment
12 $100,000,000 Lazada Consortium Ecommerce Investment
13 $100,000,000 Shopify Consortium Ecommerce Investment
14 $83,000,000 Acumen Brands General Atlantic Ecommerce Investment
15 $75,000,000 NJOY Sean Parker, Douglas Teitelbaum Ecommerce Investment
16 $70,000,000 Drafiti Ontario Teachers’ Pension Plan Ecommerce Investment
17 $60,000,000 Warby Parker Consortium Ecommerce Investment
18 $53,000,000 Fancy Consortium Ecommerce Investment
19 $50,000,000 Linio Consortium Ecommerce Investment
20 $50,000,000 Snapdeal EBay Ecommerce Investment

More information

  1. China’s 360Buy Unwraps Massive New Funding Round of $700 Million (Tech In Asia)
  2. UK’s Tesco Starts ‘Close Cooperation’ With Samwers’ Rocket Internet, Leads $250M Round In Lazada (TechCrunch)
  3. Alibaba leads $206M financing in Amazon rival ShopRunner (CNET)
  4. India E-Commerce Giant Flipkart Raises Another $200M From Existing Investors (Techcrunch)
  5. Flipkart Raises $160M in VC Funding (FinSMEs)
  6. Fab Grabs $150M At $1B Valuation (And Is Raising Another $100M+ More) (Techcrunch)
  7. Lamoda, The Samwer Brothers’ Russian Online Fashion Store, Snags $130M Led By Access Industries (Techcrunch)
  8. Asian fashion retailer Zalora raises $112M — doubling its funding in just 6 months (Venture Beat)
  9. LivingSocial Raises $110M, Reports Say (FinSMEs)
  10. Chinese clothing e-tailer Vancl gets $100 million more funding, probably not bothering with IPO (Tech In Asia)
  11. Zalora, Rocket Internet’s SE Asian Zappos Clone, Raises $100M More From Summit, Kinnevik And More (Techcrunch)
  12. Rocket Internet’s Lazada Lands $100M As It Seeks To Become The “Amazon Of Southeast Asia” (Techcrunch)
  13. Shopify secures landmark $100-million funding round from OMERS, Insight (Financial Post)
  14. Acumen Brands Raises $83M in Funding (FinSMEs)
  15. NJOY Raises $75M in Funding (FinSMEs)
  16. Dafiti Raises $70M (FinSMEs)
  17. Warby Parker Raises $60M in Funding (FinSMEs)
  18. A Month After Going International, Social Commerce Platform Fancy Raises $53 Million (Techcrunch)
  19. Linio Raises $50M in Funding (FinSMEs)
  20. EBay Beats Out Amazon To Lead $50M Round In India’s E-Commerce Giant Snapdeal To Build Up Its BRIC Business (Techcrunch)