Tag Archives: Shopify

Shopify acquires KitCRM


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)CompanyInvestor/BuyerSectorDeal Type
1$700,000,000360BuyOntario Teachers’ Retirement Fund, Kingdom HoldingsEcommerceInvestment
8$112,000,000ZaloraAccess IndustriesEcommerceInvestment
14$83,000,000Acumen BrandsGeneral AtlanticEcommerceInvestment
15$75,000,000NJOYSean Parker, Douglas TeitelbaumEcommerceInvestment
16$70,000,000DrafitiOntario Teachers’ Pension PlanEcommerceInvestment
17$60,000,000Warby ParkerConsortiumEcommerceInvestment

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)