Ecommerce fintech Booste plots London launch after €12m funding round June 15, 2021 Booste, a Polish fintech offering revenue-based financing to ecommerce companies, is planning to launch in London after raising €12m (£10m) in a fresh funding round. The startup, which was co-founded by former Uber Eats executive Jakub Pietraszek, provides ecommerce firms with funding to finance growth through digital ads on Facebook and Google, marketing campaigns and [...]
Leading through the Complexities of Change June 11, 2021 Over the past 10 years, there has been a dramatic shift in the competitive landscape across industries around the world as a result of disruption. According to Ian Williamson, Dean of School of Business, University of California, Irvine, Netflix and Uber are just a few examples of companies that have put companies out of business [...]
The next trends in technology June 11, 2021 In this article Juan Enriquez, leading authority on life sciences and future technology, explains the next trends in technology. Juan Enriquez will join the first edition of WOBI Management Week (June 28 – July 1, 2021), a 4-day digital event with world class business thought leaders that will address the latest trends and ideas in [...]
Decentralised mesh networks as an answer to Bitcoin’s inefficiency June 10, 2021 Bitcoin’s “Proof of Work” (PoW) is under the microscope, and for once it’s not about anonymity, security or whether the original cryptocurrency is set to disrupt traditional finance.
Speed shopping: Food delivery space in frenzy as well-funded newcomers eye Deliveroo’s market share June 9, 2021 Getir has become the latest in a raft of fast-growing grocery delivery operators to raise bumper cash injections to fuel ambitious growth plans. The Turkey-based company, which said it can deliver to customers in as little as 10 minutes and launched in the UK in January, secured almost £400m in investment last week, taking its [...]
Number of Uber UK rides back to pre-pandemic levels June 7, 2021 Uber this morning said that the number of rides booked by UK users has now returned to pre-pandemic levels. The ride-hailing app said that the loosening of restrictions on hospitality venues had been the main driving force behind the return of demand. Most of the trips currently being taken are in the evening, Uber added, [...]
Amazon to dethrone both Tesco and Sainsbury as UK’s largest retailers within four years June 3, 2021 Amazon is to overtake Tesco as the UK’s largest retailer within the next four years, with sales expected to hit more than £77bn by 2025, according to new research, shared exclusively with City A.M. this morning. Last year, Amazon UK’s total sales were £36.3bn while Tesco’s sales were almost double at £64bn. However, by 2025, [...]
Etsy targets Gen Z fashionistas with $1.6bn Depop takeover June 2, 2021 Etsy is buying second-hand fashion resale platform Depop for $1.6bn (£1.1bn) as it looks to attract younger shoppers. London-based Depop, which was founded in 2011, has become wildly popular among Gen Z shoppers, with more than 90 per cent of its users under the age of 26. Last year the company booked gross revenue of [...]
Caffè Nero slurps up 82 per cent post-restrictions sales spike May 31, 2021 Caffè Nero has enjoyed a sales spike in recent weeks, as restrictions were gradually eased, while it has also repaid all of its Covid financial support. Weekly sales surged 82 per cent as outdoor seating was allowed and then restricted indoor eating was permitted in the last 13 weeks. After paying back a £12.2m Liquidity [...]
Electric truck maker Rivian plots Wall St. IPO valuing firm at $70 billion May 29, 2021 An Amazon-backed electric-truck start-up is reportedly plotting an IPO later this year which would value the company at around $70bn (£50bn). California-HQed Rivian has appointed advisers including Goldman Sachs and JP Morgan, according to Bloomberg. Read more: The world is not enough: Amazon’s streaming push continues with $8.45bn deal for Bond studio MGM Despite the [...]