Flora Raises $9M to Build the First Technology-driven Sustainable E-commerce Platform

        Flora provides greater access to sustainable products to over 300 thousand customers at affordable prices and saves 10 thousand tons of CO2 emissions annually. SAN FRANCISCO--(BUSINESS WIRE)--Flora, a technology-driven sustainable e-commerce platform, emerged from stealth mode today to announce that it has raised $9 million in seed funding from prominent Silicon Valley investors, including Lux CapitalCorrelation VenturesClimate Capital, and Gokul Rajaram. Flora acquires, reinvents, and grows sustainable brands with a mission to provide greater access to sustainable products...

Read More...

Uber looks to create travel ‘superapp’ by adding planes, trains and rental cars

            Uber is driving ahead with its plan to become a travel “superapp”. The San Francisco-headquartered firm announced Wednesday that it is adding trains, buses, planes and car rentals to its U.K. app this year. The move is part of a pilot that could be expanded to other countries at a later date if it goes well.
While Uber won’t provide these travel services itself, it will allow users to book them through its app following software integrations...

Read More...

Warehouses Transform N.Y.C. Neighborhoods as E-Commerce Booms

The region is home to the largest concentration of online shoppers in the country. The facilities, key to delivering packages on time, are reshaping neighborhoods.

An e-commerce boom turbocharged by the pandemic is turning the New York City region into a national warehouse capital.

In just two years, Amazon has acquired more than 50 warehouses across the city and its surrounding suburbs. UPS is building a logistics facility larger than Madison Square Garden on the New Jersey waterfront...

Read More...

Direct-to-consumer companies hit severely in US

Brands like Warby Parker, Stitch Fix, FIGS Inc, and Allbirds Inc. Launched a new type of retail by selling "direct to consumer" – on the internet — rather than through traditional retailers. These companies' values rose well into the billions, riding on the promise of little overhead, no intermediaries, and a limitless pool of clients. They appeared to be invincible. Today, however, they're tumbling hard and there's no sign of a bottom in sight. DTC companies are being hit hard by...

Read More...

DTC sees renewed investments after pre-covid skepticism