Ride-hailing inDrive acquires Pakistan’s Krave Mart to bolster grocery delivery
inDrive has closed its acquisition of KraveMart, expanding grocery delivery in a market dominated by Foodpanda.
Commerce
Quince hits $10B valuation with giant $500M round led by Iconiq
E-commerce company Quince has raised another massive round, less than a year after its previous raise.
Meta didn’t buy Moltbook for bots — it bought into the agentic web
Meta’s Moltbook acquisition may look odd at first, but the deal could signal how Meta sees AI agents shaping future advertising and commerce on an agentic web.
Meta’s Moltbook deal points to a future built around AI agents
Meta’s Moltbook acquisition may look odd at first, but the deal could signal how Meta sees AI agents shaping future advertising and commerce on an agentic web.
Amazon expands a program that lets customers shop from other retailers’ sites
The changes allow more merchants to participate in Amazon’s Shop Direct program, which sends Amazon customers to other retailers’ websites.
AI-powered apps struggle with long-term retention, new report shows
AI can drive stronger early
monetization for apps, but sustaining value remains the challenge, RevenueCat’s latest report finds.
Uzbekistan’s Uzum valuation leaps over 50% in seven months to $2.3B
Uzum now reaches 20 million users and processes $11B in payments as it expands its e-commerce and fintech ecosystem across Uzbekistan.
X revamps Creator Subscriptions with new features, like exclusive threads and shareable cards
X is rolling out a series of new features for creators, like the ability to offer paid threads and other marketing tools.
Google settles with Epic Games, drops its Play Store commissions to 20%
Google has dropped its commission, charging a 20% service fee and an optional 5% to use its billing services. It will also offer a new process for third-party app stores.