The Order

By Christian Umbach

The Order : Weekly Aggregator Roundup - Wholesum & Go North



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

Chart of the Week:
800 new sellers get their first review on Amazon - every day. Learn more about how new seller signups have scaled up on Amazon in Marketplace Pulse’s latest article: “Amazon Is Adding Thousands of New Sellers Daily
New Sellers on Amazon Globally Based on First Review Date [Marketplace Pulse]
New Sellers on Amazon Globally Based on First Review Date [Marketplace Pulse]
New funding this week: $58M
Funding Craze 💰
  • Korea: Wholesum announced its Series A fundraise for $15M in equity and $35M in debt to discover made-in-Korea brands that primarily sell on local e-commerce marketplaces & scale them across Amazon and other marketplaces globally [Techcrunch]
  • EU: Go North announced its $8M seed round led by eEquity to scale up acquisitions of FBA brands []
Movers & Shakers 🤝
  • Rebel Foods acquires controlling stakes in luxury chocolate brand SMOOR [Business Standard]
  • The seller-funding space heats up: “Madrid FinTech RITMO Grabs $200M+ to Grow eCommerce Financing and Payments Platform” [PYMNTS]
Strategy 📈
  • Has Amazon properly disclosed how it’s using third party seller data for its product development? “SEC Is Investigating How Amazon Disclosed Business Practices” [Wall Street Journal]
  • “Amazon to Appeal New York Union Victory” [The Information]
  • “Shopify’s 50% Slump Proves That It’s No Amazon” [Bloomberg]
  • “Walmart’s Flipkart raises IPO valuation target to $60-70 billion, eyes 2023 listing-sources” [Yahoo Finance]
  • “India’s Tata launches "super app” in e-commerce challenge to Amazon, Walmart" [Yahoo Finance]
  • “Chinese eCommerce Startup Shein Raising Funds at $100B Value” [PYMNTS]
  • Founder Steps Away From Role as CEO [The Information]
Events 🎤
Let’s make this week count,
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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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