Zepto Raises $350M, Valuation Remains at $5B
Indian quick-commerce startup Zepto secures $350M in funding, maintaining $5B valuation ahead of planned IPO next year.
Ecommerce
Eyewa Secures $100 Million Series C Funding to Expand Middle East Eyewear Empire
Dubai-based Eyewa raises $100 million in Series C funding to accelerate its growth in the Middle East eyewear market, solidifying its position as a regional powerhouse.
Africa's Thriving Second-Hand Clothing Market Valued at $1.75 Billion
Rising demand for affordable clothing drives growth in Africa's second-hand clothing industry, with top importers including Kenya, Ghana, and Tanzania.
African Airlines Report Slowest Growth in Global Air Cargo Market
African airlines recorded the slowest growth in the global air cargo market in October 2024, with only a 2% market share, according to the International Air Transport Association (IATA).
AI Shopping Agents Revolutionize Online Retail, But Challenges Loom
Tech companies like Perplexity, OpenAI, and Google are developing AI shopping agents to navigate retail websites, find products, and even checkout on behalf of users, but concerns around privacy, security, and retailer pushback arise.
Amazon Accused of Excluding Neighborhoods from Prime Delivery, DC AG Alleges
DC Attorney General sues Amazon for allegedly excluding two Washington, DC zip codes from Prime delivery, affecting 48,000 customers in majority-Black and low-income areas.
Amazon Enters Online Car Sales with Launch of Amazon Autos
Amazon expands into online car sales with Amazon Autos, partnering with Hyundai to offer new vehicles in 48 US cities, with plans to add more cities and manufacturers in 2025
Amazon Establishes New R&D Lab in San Francisco to Focus on AI Agents
Amazon launches AGI SF Lab to develop foundational AI capabilities, with a focus on building agents that can take actions in digital and physical worlds.
Amazon Launches Online Car Dealership with Hyundai, Revolutionizing Car Buying Experience
Amazon partners with Hyundai to launch Amazon Auto, allowing customers to browse, order, finance, and pickup Hyundai vehicles online in 48 US cities.
