The Order : Weekly Aggregator Roundup - RubiBrands

Chart of the Week:

As Commerce IQ data indicates as its CEO Guru Hariharan posted on Linkedin this week, top lines revenue is suffering due to continuously high out-of-stock rates.

Out of Stocks for Units & Revenue [CommerceIQ]

New funding this week: $23M

Funding Craze 💰

• RubiBrands announced its $23M seed round to scale it's 7 brands and acquire more around its value proposition of leveraging Turkey as a logistics hub [Tech.eu]

Movers & Shakers

• Revenue-based financing firm Bloom securess $377M Series A led by Credo and Fortress [Techcrunch]

• Shoppable-Video Startup Firework Raises $150M in Funding Round Led by SoftBank [Wall Street Journal]

Strategy 📈

• "Amazon Stops Hiding Its Private Label Brands" [Marketplace Pulse]

• "Amazon tests having drivers make deliveries from local malls" [The Verge]

• "Amazon Quietly Axed Millions of Square Feet of Warehouse Space" [The Information]

• Amazon Briefing: One year into Andy Jassy’s tenure, sellers see subtle strategic shifts [Modern Retail]

• Shopify Grows, Amazon Slows: A Bellwether for Ecommerce’s Future [Multichannel Merchant]

• What determines your business valuation? [Unybrands Blog]

• And more on business valuation for our German readers 🇩🇪 with a feature of Flip my Brand in this blog [AMZ Listing]

• OpenStore #1: I sold my Shopify store for nearly $1 million 8 months after launching it. Here's how I built a business that appealed to buyers. [Business Insider]

• OpenStore #2: PayPal Mafia's Keith Rabois has acquired 40 Shopify sellers in the past year through his startup OpenStore. He's not slowing down despite the recent problems in the aggregator space. [Business Insider]

• Google Takes Yet Another Run at E-Commerce—and Amazon [Yahoo Finance]

• A call for integrated data: "How To Recover Profit Margins In A Post-Pandemic Reality" [Forbes]

• Apparel 2.0: "Inside the first Amazon Style store" [Geekwire]

• ‘A very capital intensive game’: More CPG startups are fundraising to fund wholesale expansion [Modern Retail]

• Nordstrom raises outlook shrugging off economic gloom [Modern Retail]

Events 🎤

• Ambizion Amazon Seller Event Estonia, Tallinn June 4

• Shoptalk Europe, London June 6-8

• Orange Klik Barcamp with Dragonflip, Lisbon June 9-10

Let's make this week count,

Christian