Noyes, a German provider of very small warehouses, has raised 3.8 million dollars (3.23 million euros) in seed funding. The investment comes at a time where there are many instant-delivery providers looking for storefronts that can be converted into small warehouses.
Jokr, an instant-delivery retail platform from German entrepreneur Ralf Wenzel, has raised 170 million dollars (144 million euros) from investors. The funding round comes barely four months after the startup launched in Europe and the Americas.
Major online retailers in Germany are, in general, very generous when it comes to their return policy. Every second retailer extends its return period beyond the legal minimum. And 13 percent of ecommerce companies who specify a time period for remittances pay earlier than promised.
Dutch omnichannel retailer Coolblue will open its first physical store in Germany at the end of this year. The white goods and electronics retailer will also open five more stores in the Netherlands and Belgium this year.
Online electrical retailer AO wants to more than double its turnover in five years' time. In this time frame, the UK company also aims to be active in five different markets. "Our mission is to be the global destination for electricals", AO stated during its full year results presentation.
Last year, 6.4 percent of all ecommerce revenue in Germany was generated via click & collect solutions in physical stores. But these revenue was not equally distributed across different product categories. Consumer electronics represent the biggest click & collect segment, with a revenue share of 27 percent.
Payment and banking service provider FinXP has launched Real Time Payments by FinXP (RTPF). This is an account-to-account payment method that is targeted at online merchants. The Malta-based electronic money institution says its transaction fees are lower than many other popular alternative payment methods.
Signa Sports United has agreed to list on the New York Stock Exchange through a merger with special-purpose acquisition company Yucaipa. The deal will raise over 530 million euros in proceeds for Signa Sports United, which will use part of this money to buy UK-based sports store Wiggle.
Online marketing agency 10XCrew from the Netherlands has acquired Vorwärts, a German Amazon agency. Both companies are specialized in direct-to-consumer strategies and online marketplaces like Amazon and Bol.com.
Sennder, a digital road freight forwarder from Germany, has raised 80 million dollars (65 million euros). This follows the first close of its Series D funding round in January and brings the total size of this round to almost 200 million euros.
ParcelLab, which offers a post-purchase customer experience for online retailers, has raised 112 million dollars (92 million euros) in a Series C funding round led by Insight Partners. With the money, ParcelLab wants to expand globally and enhance the progression of its newly released returns portal.
Next year, DHL will have the largest parcel center in Germany. It's not building a completely new building to achieve this. Instead, DHL will expand its parcel center in Aschheim by building a new facility adjacent to the existing center. The two buildings will be connected through a tunnel for trucks.
Fashionette, an online platform for luxury fashion accessories, has acquired Dutch jewelry store Brandfield. With this acquisition, the German company Fashionette wants to accelerate its international profitable growth.