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Vroom eCommerce Sales Platform Raises $254M

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Vroom , an online marketplace for buying and selling vehicles, has raised $254 million in a Series H funding round, according to a release by the company. Vroom said it will use the capital to invest in expanding its workforce, technology, operations and marketing, as well as products. Vroom has raised $721 million so far.

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Auto Sales Race Toward A New Retail Future

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For instance, online marketplace and auction site eBay has released eBay Motors, a new app that uses AI to list a car in under five minutes, according to a report by The Verge. The online marketplace company aims to eventually use AI technology on descriptions, so that a user could give basic details and the AI would flesh out the rest.

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VCs Back Autobooks For SMB Banking

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The company provides online banking platforms with small business solutions to help FIs better service their SMB clients. The new funding also saw participation from CU Solutions Group, Baird Capital, Detroit Venture Partners and Invest Michigan, the company said, adding that the round follows its self-funded $2 million in seed financing. “We

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Retail Pulse: Luckin Taps Into Automated Retail; Little Caesars To Team With DoorDash

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Luckin Coffee, for its part, recently announced that it is entering the automated retail market with the rollout of a luckin popMINI smart vending machine and the luckin coffee EXPRESS smart unmanned coffee machine. For its part, Luckin has 4,507 self-operated stores as of the close of last year. states and 24 countries.

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Stepping Into 21st Century Hospitality With Apartments And Technology

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Some entrepreneurs are inspired to start companies because they spot unmet needs in the market: Frontdesk Co-Founder and Chief Growth Officer Jesse DePinto, for instance, saw the amateur nature of home shares but the opportunity for something better than a hotel. The Market.

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Second Largest US Mall Owner Defaults On Loan Payment

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One such case is that of the Detroit-based Lakeside Mall that has defaulted on a $144 million loan payment. The property is operated by the second largest U.S. The advent of online shopping is kind of accelerating the separation of winners and losers.”. mall owner, General Growth Properties Inc. In the next 18 months, about $47.5

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Retail Pulse: Shopify, Warby Parker Open The Doors On Digital-First

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Online brands continue their march into the offline world as Shopify and Warby Parker announce plans to open brick-and-mortar locations in the coming months. For Shopify, a Canadian eCommerce platform that helps artisans and other small merchants do business online, this will mark its first foray from the virtual world into the real one.

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