Happy new year everyone and welcome back to our weekly „e-commerce news by Nabil”!
An active first week with P&G acquiring Billie, Amazon continuing the push in the Indian market with a strong partnership, BBVA considering selling financial services on Amazon Marketplace and Lenskart raising $275M from Softbank!
P&G acquires Billie, a women’s shaving products startup
In July 2016, Unilever bought Dollar Shave Club for 1Bln (Direct to Consumer subscription shaving service for men).
In May 2019, Edgewell Personal Care bought Harry’s for $1.4 billion (Direct to Consumer subscription shaving service for men).
This week, P&G bought Billie (Direct to Consumer Growing Women’s Razor Startup) for an undisclosed amount
Aside of the fact that the products are very similar and competitors are racing in their innovation strategy, these acquisitions show the need for speed when it comes to large corporation focusing & investing on their Ecommerce direct to consumer strategy!
Check out the details HERE.
Amazon partners with India’s second-largest retailer to sell its goods online
Amazon is deepening its relationship with India’s second-largest retail chain, Future Retail, as the e-commerce giant widens its footprint in one of its key overseas markets. India is such an interesting market and has been a strong battleground for ecommerce leading players such as Amazon, Walmart/Flipkart. With the huge population of the country and growing middle class, you can imagine how appealing it is for the e-commerce players.
Learn more about the partnership HERE.
BBVA is trialling making sales on Amazon
Buying your next financial services on Amazon? Next credit card or mortgage? Is this possible? It will be most likely soon. With the huge extension of services and solutions that Amazon has done in the last years, nothing should be surprising anymore. BBVA is considering starting selling its financial services on the marketplace, an interesting move as it opens a completely new sales channel for the bank and an entirely new revenue stream for AMZN!
This is a great article about the pilot programme.
StartUp sf the week: Lenskart
SoftBank Vision Fund invests $275M in India’s Lenskart
Lenskart, an omnichannel retailer in India that sells eyewear products, said on Friday that it has raised $275 million in a new financing round from SoftBank. More than half a billion people in India are affected by poor vision and need eyeglasses, but only 170 million of them have opted to get their vision corrected, you can imagine the potential!
More about Lenskart HERE.
Nabil Malouli is VP, Global E-commerce for DHL Supply Chain where he leads the innovation, strategy and product development of its e-commerce fulfilment and last-mile solutions.
Photo: Jon Russel/ Flickr