E-Commerce Monthly:
October 2024

3 in Finance

10/24: Vinted (Lithuania), an online marketplace for second-hand fashion products, raised $374M of venture funding in a deal led by TPG, placing the company’s pre-money valuation at $5.1B. (Link)

10/17: Hepsiburada (Turkey) (NAS: HEPS), a leading e-commerce platform, reached an agreement to be acquired by Kaspi Bank (NAS: KSPI) in a deal that values the company at $1.7B. (Link)

10/1: Siete Family Foods (Austin, TX), a producer of healthy Mexican-American foods who specializes in grain-free products, was acquired by Pepsico (NAS: PEP) for $1.2B. (Link)

3 for Fun

Grocery e-commerce sales soared in September, sees 50% year-over-year increase. (Link)

Walmart launches same-day pharmacy delivery to boost e-commerce offering. (Link)

Stella & Chewy’s launches e-commerce platform for raw pet food. (Link)

Big movers — month over month stock performance:

Carvana gains 19%; Vivid Seats gains 12%; Instacart gains 10%

Wayfair falls 24%; Etsy falls 14%; Chewy falls 9%

 

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