Accel backs startup offering ‘Amazon-grade’ commerce engine to online sellers around the world

Accel has backed a startup named Mason based in India and the U.S. that has built a commerce engine for sellers around the world to help them sell products online without paying the exorbitant ‘Amazon tax.’ The California-based startup, which has its R&D headquarters in Bengaluru, is claimed to allow sellers to have their D2C … Read more

YouTube opens up certification program for health-related channels

YouTube announced today that it will certify channels of licensed health professionals like doctors, nurses, or therapists who produce health-related content. Last year, the company introduced a label noting that the info on the channel is from a certified healthcare professional. Plus, it showed videos from these approved channels in a new carousel called “From … Read more

Lightspeed-backed Indian commerce Udaan raises $120 million

India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders, a top executive told employees in an email Thursday seen by TechCrunch, as the business-to-business e-commerce startup works to being ready for the public markets in 12-18 months. The new financing brings the startup’s overall funding in convertible … Read more

Dispute between founders and board leaves Capiter in arrears to employees and creditors

Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to … Read more