The latest ecommerce deals from top VCs

Author

Stephen Babcock
October 18, 2022

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Kroger-Albertson’s isn’t the only M&A news in commerce this week. Acquisitions are bringing together fashion marketplaces, clean beauty retailers and ecommerce software companies. Plus, Dealboard has details on ecommerce funding moves from prominent investors like A16z and SoftBank.

Can fast fashion embrace more circular practices? Shein will become a testing ground as it launches a resale marketplace. Shein Exchange provides a peer-to-peer destination to buy and sell “pre-loved” items. “We’re calling on our community to mobilize and keep previously owned clothing in circulation for as long as possible,” said Shein Global Head of ESG Adam Whinston. – Retail Dive

Advertising Week kicked off in New York on Monday, and a pair of platforms announced features as the event got underway. DoorDash has new self-serve ad tools for CPG brands as it seeks to grow sponsored products on its marketplace. Meanwhile, Pinterest launched an API for Conversion to provide measurement.

Third quarter earnings season is kicking into gear this week, providing an opportunity to glean insights about the state of the US consumer amid a monthslong bout of high inflation. According to Bank of America CEO Brian Moynihan, shoppers are still spending to the tune of 10% transaction growth in September. Account balances are also still higher than they were pre-pandemic, indicating they still have savings. – CNBC

Data on Prime Early Access Sale continues to come in, so we’ve added new info to our recap. Bank of America Securities estimates the October sale event had a GMV of $8 billion. That’s down 25% from July’s Prime Day. Analyst Justin Post sees Prime Early Access Sale as “incrementally beneficial.”

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