E-Commerce Monthly:
May 2024

3 in Finance

5/24: Flipkart (India), a leading e-commerce shopping portal, raised $1B of venture funding in a deal led by Walmart (NYS:WMT), placing the company’s pre-money valuation at $35B. (Link)

5/16: Classic Football Company (England, UK), a provider of vintage football (soccer) apparel, received $38.5M of development capital from The Chernin Group (TCG). (Link)

5/9: Voyage Foods (Oakland, CA), an operator of sustainable and scalable food alternatives known for cocoa-free chocolate, raised $52M of Series A venture funding in a deal led by Level One Fund and Horizon Ventures. (Link)

3 for Fun

Hims & Hers Health introduces $199 DTC weight loss injections. (Link)

Salesforce launches AI-powered marketing and e-commerce Einstein Copilots. (Link)

Consumers embracing Buy Now Pay Later, could drive $81B of online spending. (Link)

Big movers — month over month stock performance

Hims & Hers Health gains 72%; Rent the Runway gains 67%; Chewy gains 33%

Shopify falls 21%; Carvana falls 18%; Instacart falls 17%

 

 

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