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June 7, 2019

Depop, a social app targeting millennial and Gen Z shoppers, bags $62M, passes 13M users

The rising popularity of omni-channel commerce — selling to customers wherever they happen to be spending time online — has spawned an army of shopping tools and platforms that are giving legacy retail websites and marketplaces a run for their money. Now, one of the faster growing of these is announcing an impressive round of funding to stay on trend and continue building its business.

Depop, a London startup that has built an app for individuals to post and sell (and mainly resell) items to groups of followers by way of its own and third-party social feeds, has closed a Series C round of $62 million led by General Atlantic. Previous investors HV [...]

 
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June 3, 2019

Global Fashion Group plans to raise €300M in Frankfurt IPO

The ongoing evolution of the startup factory known as Rocket Internet continues apace. Today, the group of regional e-commerce fashion sites incubated in the Berlin outfit that eventually got spun out under the Global Fashion Group umbrella — Zalora, Dafifi, The Iconic and La Moda — announced that it is planning a public listing on the Frankfurt stock exchange. It is expecting to raise €300 million ($336 million) by selling newly issued shares in its IPO.

Part of the hope is that the funding and IPO will help the group continue building out its presence in emerging markets — when it was in growth mode, one of Rocket’s key strategies was building [...]

 
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May 27, 2019

A digital ‘dress’ sold for $9,500

Ever bought clothes primarily to impress your online friends? Now you might just get the chance to buy clothes that exist solely online. Dutch startup The Fabricant, Dapper Labs and artist Johanna Jaskowska recently sold a digital dress, Iridescence,…
 
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May 21, 2019

Pokémon T-Shirt Contest Winners Are The Very Best, Like No One Ever Was

The Japanese clothing company Uniqlo has announced the winners of its Pokémon-themed T-shirt design contest. While the first-place design will be included in this year’s Pokémon Sword and Shield games, the rest are really cool-looking as well, and already have me searching for my old Game Boy Color and link cable.

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