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The Order : Weekly Aggregator Roundup - Mensa Brands & Shopify apps

The Order
Happy Sunday,
Here’s a quick roundup of last week’s news

Chart of the Week:
CNBC this week in its article “Walmart is using its thousands of stores to battle Amazon for e-commerce market share” details how Walmart - the biggest retailer in the US, is stepping up its eCommerce business to compete with Amazon which currently owns ~40% of the US eCommerce market while Walmart is at 7%. This CNBC 🎥 video: “How Walmart Is Betting Big On Stores To Catch Amazon In E-commerce” details further how Walmart is catching up.
After the Covid boom, a slowing, industry-wide growth however also hits Walmart:
YoY growth by quarter for Walmarts eCommerce US business [CNBC]
YoY growth by quarter for Walmarts eCommerce US business [CNBC]
New funding this week: $-M
Funding Craze 💰
  • /
Movers & Shakers
  • Mensa Brands is pushing internationally with 30% of the company’s revenue already coming from outside India: “Mensa Brands expands into US, Middle East, other global markets” [Economic Times]
  • AppHub, Assembly, Pantastic, and WeCommerce: “Shopify app creators are cashing out with million-dollar deals as well-funded companies start to flood the space looking for acquisitions” [Business Insider]
Strategy 📈
  • Inside the Perfect Storm Battering the Amazon Aggregator Ecosystem [The Information]
  • Resetting E-Commerce Expectations [Marketplace Pulse]
  • US-based sellers profiting from scrutiny against Chinese sellers? “An American comeback on Amazon” [The Strait Times]
  • Amazon is launching an invite-based ordering option starting with PS5 & Xbox Series X [Techcrunch]
  • Dave Clark departs after 23 years: “Amazon Consumer Chief Exits as Jassy Hints at More Change” [Bloomberg]
  • “Walmart Intros 4 Next-Gen Fulfillment Centers” [PYMNTS]
  • Shopify encourages its employees to launch stores as side hustles. This entrepreneur quit the company to run his store full time and now generates about $30,000 in monthly sales. [Business Insider]
  • India lines up banks for e-commerce effort to take on Amazon, Walmart [Reuters]
  • Explainer: What is ONDC, India’s project for an open e-commerce network? [Reuters]
Events 🎤
Let’s make this week count,
Christian
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Christian Umbach

Accelerate the growth of your eCommerce brand exponentially 🔥 The Order comes as a weekly newsletter with curated weekly roundups on Sundays around last week's funding and key strategy insights. Enjoy the read!

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