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Postmates is launching a new retail delivery feature as brick and mortar stores face 14% drop in sales

TechCrunch LA

Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set up a virtual on-demand storefront in the app. “ Most of the LA metro area will have access to the tab. As case counts spike in the U.S.

Sales 249
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Food Rocket blasts off after securing funding, grocery delivery deal with Circle K parent

TechCrunch LA

At the time, the company raised $2 million, and Alexandrov said about the perceived competition, “The level of competition in this market in the U.S. On-demand grocery startup Food Rocket launches in the Bay Area, goes up against delivery giants. Are rivals snacking on Instacart’s core grocery delivery market?

Funding 246
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A16z-backed Shein challenger Cider is growing rapidly

TechCrunch LA

Shein has shown the world how combining social media marketing, data analytics, and China’s well-oiled supply chain has created a $100 billion fast fashion behemoth. million installs across the world to date, according to data provided by market intelligence firm Sensor Tower. Cider’s other major markets are the U.K.,

Startup 217
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Aero raises $65M for its semi-private airline

TechCrunch LA

The company, which previously raised a $20 series A round in 2021, now has a valuation of $300 million. that currently means flights from Los Angeles and San Francisco to destinations like Aspen, Los Cabos and Sun Valley, while the company’s European base is London, with flights to Obiza, Mykonos and Nice. In the U.S.,

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Boulevard books $70M to help beauty and wellness salons with their bookings

TechCrunch LA

But at the same time, Los Angeles–based Boulevard got this funding infusion at a boosted valuation because it has been on a roll. It’s also a massive market — and by Danna’s estimates, still with a lot of untapped business — with Boulevard quoting figures that forecast personal care and beauty sales passing $1.4

Help 195
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Nowadays puts its spin on plant-based nuggets

TechCrunch LA

Investment into alternative proteins, for example, plant-based meats and dairy substitutes was $5 billion in 2021, according to both the Good Food Institute and Crunchbase data. This includes a $2 million pre-seed round from 2021. The round was led by Stray Dog Capital, with additional strategic support from Standard Meat Co.,

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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. The company rebranded as Canoo in spring 2019 and debuted its first vehicle last September.

Startup 310