2026-03-08
Consumer is so back!! Quince is in talks to raise a new round that would more than double its valuation to roughly $10 billion. Annual revenue run rate is currently ~$2 billion - that's a lot of $50 cashmere sweaters Scoop from @Katie_Roof + me: https://www.theinformation.com/ ...
The Information
Sources: online DTC luxury brand Quince is in talks to raise funding at a $10B+ valuation, up from $4.5B in July; its annualized revenue run rate has hit ~$2B
2026-03-07
Consumer is so back!! Quince is in talks to raise a new round that would more than double its valuation to roughly $10 billion. Annual revenue run rate is currently ~$2 billion - that's a lot of $50 cashmere sweaters Scoop from @Katie_Roof + me: https://www.theinformation.com/ ...
The Information
Sources: online DTC luxury brand Quince is in talks to raise funding at a $10B+ valuation, up from $4.5B in July; its annualized revenue run rate has hit ~$2B
Online retailer Quince is in talks with investors to raise a funding round that would value the company at above $10 billion after the investment …
2025-05-02
Whatnot is quietly building one of the most engaging new social platforms: Users now spend an avg of 80 minutes a day on the app—more than Instagram. My interview w/ Armand Wilson, the company's VP of categories + expansion, on why 2025 is (finally) the year of live shopping👇 [image]
The Information
Livestream marketplace Whatnot says it hit $3B+ worth of goods sold through its app last year and viewers spend 80+ minutes per day on average on the app
Livestream shopping, while popular in Asia on apps like ByteDance-owned Douyin and Alibaba's Taobao Live, has been hard for most U.S.-focused startups and creators to crack. X: @an...
2024-02-09
Flexport's deal with Apple to ship products from Chinese factories to the U.S. should have been a marquee deal for a company pitching itself as the future of trade. Just one problem: Flexport has been burning cash on the deal. New from me + @theo_wayt: https://www.theinformation.com/ ...
The Information
Sources: Flexport lost at least $2M/month in 2023 on its air freight deal with Apple, started in late 2022 to ship products from some Asian factories to the US
2023-11-02
SCOOP: Flexport has reached a deal to acquire Convoy's technology, according to an internal memo. More from @theo_wayt + me on @theinformation: https://www.theinformation.com/ ...
The Information
Flexport acquires shuttered digital freight startup Convoy's tech stack, doubling down on US trucking; a source says Convoy CEO Dan Lewis will join Flexport
Flexport has reached a deal to buy the technology of shuttered trucking startup Convoy, as Flexport doubles down on its U.S. trucking ambitions …