UK-based online marketplace OnBuy.com has raised £35m in series A+ funding. This will enable it “to further develop its product offering for both sellers and consumers and importantly, pursue global expansion”.
Premium trainers business The Edit LDN is targeting a £30 million valuation during 2022 after saying its sales have been rising by 60% month-on-month lately. And it’s raising new finance to expand further.
Walmart Inc-owned Flipkart on Monday ushered back SoftBank Group Corp as an investor in a $3.6 billion funding round, doubling the Indian online retailer's valuation to $37.6 billion in less than three years.
Beauty chain Superdrug has filed its results for 2020 and they make interesting reading given that the period included quite a few months of lockdown during which the company was able to continue trading in-store.
Buy-now-pay-later lender Klarna has acquired fledgling social shopping platform Hero for around £115 million, according to people familiar with the deal. It will be added to Klarna’s platform of 250,000 retail partners.
ASOS has formed a North American joint venture with US-based multi-channel retailer Nordstrom, which will take a minority interest in the Topshop, Topman, Miss Selfridge and HIIT brands "to help drive their growth”.