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News Team

New Vessel Raised a Seed Round to Acquire Korean and Japanese eCommerce Brands

By News Team // February 16, 2022 // Aggregators // 5 min read

The startup New Vessel announced today it has raised an undisclosed seed round co-led by South Korean internet giant Naver, CKD Venture Capital, and Wooshin Venture Investment, with participation from Lighthouse Combined Investment and S&C Networks to take the market in South Korea and Japan. The new funding will be used to acquire Korean and

60,000 Amazon Sellers Exceeded $1M in Sales

By News Team // February 13, 2022 // Amazon // 5 min read

Sixty thousand sellers eclipsed $1 million in sales on the Amazon marketplace in 2021. The number has doubled over the past three years. According to Marketplace Pulse modeling of the seller distribution by sales volume and estimates of $390 billion in collective sales, approximately 350,000 sellers exceeded $100,000, 60,000 sellers sold over $1 million, and over

GlobalBees acquires fitness equipment and accessories brand Reach

By News Team // February 10, 2022 // Aggregators // 5 min read

Continuing its portfolio expansion, rollup eCommerce unicorn GlobalBees has acquired the fitness equipment and accessories brand, Reach Fitness. The company is GlobalBees’s second investment in the sports category.

According to an Expert Market Research report, the Indian sports and fitness goods market reached a valuation of $3.9 billion in 2020, and is expected to grow at a CAGR of 8.9 percent during 2022-2027.

Heroes to Partner with Mode to Offer Employees their Monthly Salary in Bitcoin

By News Team // February 7, 2022 // Aggregators // 5 min read

Mode, the LSE-listed Fintech Group, today announces it has entered into a partnership with technology-driven eCommerce platform Heroes, which will enable employees of the firm to take some of their monthly salary in Bitcoin. Mode’s payroll offering allows interested employees the option to invest in the crypto asset on a monthly basis, which means they

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