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EcoFlow Hits $200M In Sales

socalTECH

Los Angeles-based EcoFlow, the developer of portable power stations, says it reached $200M in annual revenues in 2021, up 275% from the year before. The company is backed by Sequoia's China Fund, Hillhouse, and CICC, and received $100M in a Series B investment back in June of 2021.

Sales 113
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Postmates is launching a new retail delivery feature as brick and mortar stores face 14% drop in sales

TechCrunch LA

That could have an impact on retail sales that were already projected to be dismal. decline in total US retail sales this year, and a 14.0% drop in brick-and-mortar sales… even before the second wave of the pandemic began surging in the U.S. decline in total US retail sales this year, and a 14.0% earlier this month.

Sales 249
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Etsy Is Boosting Seller Transaction Fees By 30%

Tech.Co

for each sale. It'll help the company invest in marketing, Etsy CEO Josh Silverman says: “We have demonstrated our ability to make improvements that directly translate into more sales for our sellers, as evidenced by record sales per seller in 2021. Starting on April 11th, fees will rise from 5% to 6.5%

Sales 155
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Shopify Reveals Generous New Scheme for App Developers

Tech.Co

This scheme starts on August 1st of 2021. Before this scheme, Shopify used to charge 20% on every sale made through its service, but now, smaller businesses will take the whole value of the sale, with Shopify's cut of 15% only kicking in once the annual $1 million threshold has been passed. The best part? I literally cried.

Develop 159
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Developing a Sales Strategy That Builds Traction

SoCal Tech Calendar

Wednesday, February 24, 2021 --.

Develop 100
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Ecwid, NuORDER Acquired By Lightspeed For Nearly A Billion Dollars

socalTECH

Two, Los Angeles area companies--Ecwid and NuORDER--are in a deal to be acquired by Canadian point-of-sale software developer Lightspeed, Lightspeed announced on Monday. According to Lightspeed, it will pay approximately $500M for Ecwid, split between $175M in cash and $325M in shares of the company. in cash plus sahres worth another $212.5M.

Commerce 113
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Fisker Teases Design Of New Car, In Deal With Foxconn

socalTECH

Details on the new vehicle so far are light, but Fisker said that Foxconn is jointly investing in the vehicle, and will share the proceeds from sales. Fisker #Love #EVs #ESG #freaking #innovation pic.twitter.com/TGjCCx8Utz— Henrik Fisker (@henrikfisker) May 13, 2021. Manufacturing is reported to be targeted at Q4 of 2023.

Design 113