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Tracxn – Analyst Notes # 1281 – Online Retail

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Soonicorn Club

  • Minicorn
    Floyd (2013, Detroit, $5.6M) – Direct to consumer self assemble furniture

    Market: Online Retail > Home Decor & Furniture > Horizontal > Private Label

Analyst Picks

  • Sukkhi Fashion Jewellery (2016, Mumbai) – Internet-first brand of jewelry
    Market: Online Retail > Fashion > Accessories > Jewelry > Private Label
  • Cosy Chic Pet Boutique (2016, Coventry) – Online private label brand of pet products
    Market: Online Retail > Pets > Horizontal > Private Label
  • Leflair Vietnam (2015, Ho Chi Minh City, $5M) – Platform providing international fashion brands in Vietnam
    Market: Online Retail > Horizontal > Retailer > Cross Border
  • Otrium (2015, Amsterdam, $1.8M) – Sample sales platform for fashion for selling excess inventory
    Market: Online Retail > Horizontal > Marketplace > Fashion
  • Pasarwarga (2015, Jakarta) – Online marketplace for multi-category products
    Market: Online Retail > Horizontal > Marketplace > Assisted Purchase

Funding Rounds

Series B, $45M
NA-KD.com (2015, Gothenburg, $66.1M) – Online fashion retailer

Investors: Partech Ventures, MADE.COM, Northzone, eEquity, FJ Labs, Filip Engelbert, Jonas Nordlander

Series A, $12.5M
LovePop Cards (2014, Boston, $21.3M) – Online platform for sending personalized greeting cards

Investors: Highland Capital Partners, Accomplice, Niraj Shah, Wayne Chang, Jason Robins, Bob White

Series A, $6.0M
Rockets of Awesome (2016, New York City, $25.5M) – Personalized Subscription Box for Kids Apparel

Series B, $6M
LivSpace (2012, Bangalore, $35.2M) – Online retail for in-home designs and furniture

Investors: Deep Nishar, Gokul Rajaram, Rajeev Madhavan

Series A, $5.6M
Floyd (2013, Detroit, $5.6M) – Direct to consumer self assemble furniture

Investors: Beringea

Series A, $3M
Leflair Vietnam (2015, Ho Chi Minh City, $5M) – Platform providing international fashion brands in Vietnam

Investors: cm-group.com

Series A, $2.8M
Citiesocial (2010, Taipei, $2.8M) – Online B2C flash sales platform for hand picked luxury goods

Investors: Alibaba Entrepreneurs Fund, CDIB Capital, Cherubic Ventures

Seed, $1.1M
Preemadonna (2013, Menlo Park, $1.1M) – Smart nail decorating and polishing robot

Angel, $918K
Otrium (2015, Amsterdam, $1.8M) – Sample sales platform for fashion for selling excess inventory

Investors: Adriaan Mol, Fred Gehring, Ludo Onnink

Conventional Debt, $275K
Criquet Shirts (2010, Austin, $2.1M) – Men’s Fashion apparel and accessories Brand

Angel
Buttercups (2011, Bangalore, $1.2M) – Online private label lingerie brand

Investors: Rajan Anandan, Kanwaljit Singh, Anand Chandrasekaran, Chandra Chappadi

Series B
Beautycounter (2013, Santa Monica, $65M) – Line of beauty products

Investors: TPG

Series B
Eloquii (2011, Columbus, $23.3M) – Online brand store for women plus size fashion clothing

Investors: Halogen Ventures

Series C
Tiki.vn (2010, Ho Chi Minh City, $61.0M) – Online retail platform

Investors: Jingdong Group, VNG Corporation

M&A

  • Future Group in talks to buy Snapdeal’s logistics arm Indiatimes
  • Amazon will buy Target in 2018 to take on Walmart, VC Gene Munster predicts The Business Journals
  • Richemont offers 2.8 billion euros to buy Yoox Net-A-Porter Reuters
  • Liberty Interactive Completes Acquisition of HSN, Inc. Business Wire
  • MidOcean Partners Acquires BH Cosmetics, a Leading Color Cosmetics Brand Business Wire
  • j2 Global Completes Four Acquisitions in Q4 2017 Business Wire
  • Tritax buys AO.com national distribution centre for £36.1m TheBusinessDesk
  • Kroger could be looking to stock up with Overstock acquisition Food Dive
  • Dubai bank acquires Amazon’s new logistics centre Arabian Business
  • A flower giant has reportedly acquired BloomThat, an on-demand flower startupTechCrunch

IPO

  • Xiaomi seeks public listing, as Hong Kong eager for big tech IPOs in 2018 Pakistan Today
  • Rocket Internet’s Home24 reportedly planning an IPO this summer Tech.eu

Regulatory Change

  • E-commerce cos Amazon, Flipkart & Snapdeal seek more time to adopt MRP normsIndiatimes
  • Flipkart can’t use MarQ brand till February 5 Indiatimes
  • Delhi HC restrains Flipkart from selling counterfeit goods of Cosco India Livemint

New Product Announcement

  • OnePlus 5T could get Lava Red variant in India on January 26 bgr.in
  • Samsung to launch `Galaxy On7 Prime` on Amazon.in Gadget2
  • Amazon announces dev kit to bring Alexa to wearables Seeking Alpha
  • Amazon brings voice control to its Alexa app for Android, with iOS coming soon theusafeed
  • Xiaomi Redmi Note 5 may launch with Qualcomm Snapdragon 632 SoC Diligent Media Corporation
  • Meizu M6S Hits Geekbench, 3GB Of RAM & Android Nougat In Tow Android Headlines
  • Amazon launches Echo devices and Alexa in Australia Startup Daily
  • Qualcomm Introduces Breakthrough Low Power Bluetooth Audio SoC Series for Wireless Earbuds and Hearables PR Newswire

New Market Entry

  • Patanjali unveils new game plan: Go online and tie up with eight e-commerce giantsIBTimes
  • Saint Laurent ventures online in China as luxury portals take off Reuters
  • LimeRoad joins rush for offline stores Indiatimes
  • Flipkart Fashion launches Footwear Club Fibre2Fashion
  • Is Amazon’s Next Target Warehouse Clubs? PYMNTS

New Geo Entry

Business Partnership

  • Oculus partners with Xiaomi to launch the Oculus Go and Mi VR Standalone TechCrunch
  • Walmart and Rakuten partner on grocery delivery in Japan, Kobo e-books and audiobooks in U.S. TechCrunch

Company Announcement

  • Amazon May Have Dropped a Clue About a Likely HQ2 Location Fortune
  • Amazon Prime shipped 5 billion products in 2017, company says FOX Business
  • OnePlus 6 confirmed for June launch, exploring partnerships with US carriers PC
  • Amazon Music Unlimited Coming to Australia and New Zealand on February 1 Business Wire
  • Flipkart to expand MarQ brand, to launch ACs and smart TVs Indiatimes

Commentary on Company

  • Amazon Now Owns 1/5 of Online Grocery Progressive Grocer
  • China’s JD.com targets $2 billion fundraising at logistics unit – sources Reuters

Lawsuit

  • OnePlus is Investigating Alleged Credit Card Fraud Stemming From its Payment Portal JjlInternational 

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