Snapdeal, One Of India’s Leading E-commerce Sites, Acquires Wishpicker To Deliver Better Product Recommendations

Snapdeal, one of India’s largest e-commerce businesses, has acquired Wishpicker, a tech platform that uses machine learning to deliver recommendations for gift purchases. The deal’s financial terms were undisclosed.

The company says this is the fifth acquisition it has made so far. Back in April, the company, whose competitors include Amazon India and Flipkart, announced that it had purchased Doozton.

Since folded into Snapdeal’s main site, Dootzon, a fashion products discovery site, was also geared toward matching shoppers with products they are likely to purchase. Other companies Snapdeal has acquired include group buying site Grabbon in 2010; sports retailer in 2012; and, a marketplace for handmade items, in 2013.

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Zazzle Buys Boundless Network As It Battles Teespring For Democratized E-Commerce

Want to sell T-shirts with your face on them, or get your employees shirts with your company name? Zazzle is fighting newcomer Teespring for your business, and it just got some more ammunition. Yesterday, personalized product maker and marketplace Zazzle acquired Boundless Network, a startup that lets companies save money on big branded product orders.

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Instacart Is Raising North Of $100 Million At A $2 Billion Valuation

Instacart, the home grocery delivery service that launched back in 2012, is close to raising a massive Series C round of funding north of $100 million, according to sources. The raise will value the startup at $2 billion, or more than quadruple the $400 million valuation of its Series B financing from June.

Including this round, Instacart has raised a total of $154.8 million with other investors that include Andreessen Horowitz, Sequoia, Khosla Ventures, Canaan Partners, Y Combinator boss Sam Altman and Box founder Aaron Levie.

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Apple Pay competitor ‘Android Pay’ is reportedly coming to China


It looks like Apple Pay will soon face some competition in the mobile payments space from its biggest competitor, Android.

According to a new report from China Business News, a new mobile payments service called Android Pay is coming, and will likely launch in the third quarter of 2015.

Android Pay is reportedly being developed by China UnionPay, which is the biggest credit and debit card provider in China. For context, UnionPay is the second biggest payment network in the world next to Visa, based on the value of processed transactions.

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Sprung From The Ashes Of Formspring, Raises $5M To Create The “Friendliest Social Network”, the new social network that was previously Formspring, has raised a total of $5 million in debt and equity seed funding from investors including Right Click Capital, Tank Stream Ventures, Nextec Strategic Capital, and Rubicon Project Founder Craig Roah. The company plans to use the funding to expand in the U.S., where it just launched.

Formspring’s demise was due in part to the site’s accidental role in faciliating cyberbullying. Though, which currently claims five million regular visitors, acquired the Formspring website and database, it wants to create a completely different reputation for itself by becoming the world’s “friendliest social network.” The site lets users engage in Q&A discussions and group chats, share photos and opinion polls, and send private messages.

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Twitter Launches Mobile Payments Before Facebook (but Apple May Have the Last Laugh)

Twitter may be much smaller than Facebook, but its ability to innovate in payments is allowing it to outgun its much larger competitor, at least for the time being.

Both Twitter and Facebook are competing with other tech giants, including Apple, Google, PayPal and the leading credit card companies to own the emerging mobile payment sector, which is immensely popular with consumers and has proven fertile territory for startups. More specifically, the leading technology companies are seeking an advantage in so-called peer-to-peer payments, which are typically smaller payments sent from one person to another. Individuals could use such payments, for example, when they are splitting a bill or to wire money.

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