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%