Coinbase poaches Google Shopping VP as CPO for cryptocommerce

“We’re trying to shift cryptocurrency from this speculative asset class to driving real-world utility,” Coinbase CEO Brian Armstrong tells me. How? Through commerce and micropayments. But now Coinbase has the who to build it. Today the startup announced it has hired away former head of Product for Indian e-commerce giant Flipkart and Google Shopping VP … Read more

Apple to start online sales in India in Q3 this year

Apple’s much-awaited online store in India will be operational starting Q3 this year, a little longer than previously expected, a source familiar with the matter told TechCrunch. The iPhone-maker said in August last year that it was “eager to serve [customers of India] online and in-store with the same experience and care that Apple customers … Read more

Pinterest launches virtual makeup ‘Try on’ feature, starting with lipstick

A new Pinterest feature will allow users to virtually try on products, starting with lipstick, before they shop from retailers like Estée Lauder, Sephora, bareMinerals, Neutrogena, NYX Professional Makeup, YSL Beauté, Lancôme and Urban Decay from L’Oréal. To use the new feature, Pinners will first open Pinterest’s smart camera, “Lens,” while in Search, then click … Read more

ManoMano raises $139 million for its home improvement e-commerce platform

French startup ManoMano is raising another mega round of funding. The company operates an e-commerce website for DIY, home improvement and gardening products. This time, ManoMano is raising $139 million (€125 million), with Temasek leading the round. General Atlantic, Eurazeo, Piton Capital, Bpifrance and Kismet Holdings are also participating. The company announced another significant funding … Read more

Amazon partners with thousands of mom-and-pop stores in India

Neighborhood stores dot tens of thousands of cities, towns and villages in India. They have survived — and thrived, despite — retail giants’ billions of investment in the country. Now, Amazon is beginning to embrace them. Amazon said on Saturday it has partnered with thousands of neighborhood stores — locally known as kirana stores — … Read more

Marijuana delivery giant Eaze may go up in smoke

The first cannabis startup to raise big money in Silicon Valley is in danger of burning out. TechCrunch has learned that pot delivery middleman Eaze has seen unannounced layoffs, and its depleted cash reserves threaten its ability to make payroll or settle its AWS bill. Eaze was forced to raise a bridge round to keep … Read more