The Order : Weekly Aggregator Roundup - Amazon's Q2, Goat Brand Labs & Perch
Chart of the week
While Amazon's North American & International business (excluding AWS in this view) realized higher operational efficiency and a strong YoY performance, growth slowed and operating income didn't continue the Q1 trend. That left analysts worried - more on that below.
New funding this week: $36M
Funding Craze 💰
India: Goat Brand Labs announced $36M in funding, half of it in equity with participation of Tiger Global and Flipkart Ventures [The Economic Times]
US: No new funding but a significant commitment - Perch appoints European Head of M&A and commits to invest $350M in Europe to acquire sellers (current funding stands at $900M) [PR Newswire]
Strategy 📈
Walmart looks to productize it's online purchase to offline store pickup tech: "Walmart’s latest business: Selling its e-commerce tech to other retailers" [CNBC]
Twitter's next eCommerce move: "Twitter launched US eCommerce pilot to let users shop from profiles" [Techcrunch]
Quarterly Results are in: "Amazon Earnings Show a Sharp Slowdown in E-Commerce. The Stock Is Falling." [Barrons | Amazon Investor Relations Update & key highlights]
💪The next-gen is going strong: "Teens are building million-dollar businesses with Amazon" [Amazon]
Let's make this week count,
Christian