Pandemic-driven boom in e-commerce helps Huboo’s warehousing platform close $81M

Many e-commerce businesses run their entire order fulfillment process in-house because outsourcing it can be expensive. But the COVID-19 pandemic has supercharged many small and medium-sized businesses (SMBs) as consumers switched to home deliveries and ‘digitized’ their lifestyles to a far greater extent. It means this surge in e-commerce sales is subsequently leading to a … Read more

Tiger Global backs Favo, which is building an easier way for Latin Americans to order groceries online

Favo, a Brazilian social commerce platform, closed on $26.5 million in Series A funding to continue developing its app that takes grocery orders through local social networks. Tiger Global Management led the round, with existing investors GFC, Elevar Equity, Kevin Efrusy, David Velez, FJ Labs and H2O participating. The latest round gives the company about … Read more