On Me raises $6M to shake up the gift card industry
On Me raises $6 million for its digital gift card platform that lets users purchase cards categorized by interests rather than being restricted to specific retailers.
Commerce
Amazon now offers same-day delivery of perishable groceries in 2,300 US cities
The e-commerce giant says it will expand the service to additional cities in 2026.
Amazon to invest additional $35B in India by 2030, taking total planned spending to $75B
The e-commerce giant said the new investment will support its efforts to digitize small businesses and strengthen its logistics and operations footprint in India.
Meesho’s $606M IPO pops as enthusiasm for India’s e-commerce startups rises
Meesho had a good first day as a public company, with its shares climbing as much as 46% from its issue price as investors jumped to grab a piece of the company built around small merchants and value-conscious consumers.
Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back
PhonePe has shut down its Pincode app over two years after its debut.
Amazon reportedly considering dropping USPS and building a competing postal service
Amazon is the USPS’ biggest customer, and the e-commerce giant’s potential break from the postal agency comes as the two sides are negotiating a new deal.
ChatGPT referrals to retailers’ apps increased 28% year-over-year, says report
ChatGPT referrals to retailers’ apps were up on Black Friday year-over-year, with Walmart and Amazon benefitting the most.
Discord users can now buy in-game items without leaving the platform
Discord users can now purchase digital game items directly within the platform, create wishlists, and send gifts through DMs.