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With Cornershop, Walmart Expands On-Demand Delivery to Latin America

Xconomy

The Bentonville, AR, retailer announced Thursday it has acquired Cornershop, an on-demand online service that delivers products from supermarkets, pharmacies, and specialty shops in Mexico and Chile, for $225 million. “We Walmart is taking the e-commerce delivery business south of the border.

Demand 56
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Tocagen IPO Raises $85M to Test Gene Therapy in Brain Cancer Trials

Xconomy

Tocagen raised $85 million in its stock market debut today, and underwriters saw enough demand to increase the number of shares in the initial public offering. San Diego-based Tocagen (NASDAQ: TOCA ) priced its offering of 8.5 Tocagen has been developing a gene therapy treatment for a deadly type of brain cancer.

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Molecular Assemblies Raises $12M to Advance Enzymatic DNA Synthesis

Xconomy

Now, as demand for engineered DNA rises, a handful of startups are vying to become the go-to provider for researchers looking for improved versions of the DNA sequences. On Tuesday, the San Diego biotech said it had raised $12.2 million in Series A financing that will help it continue its journey toward commercialization.

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Low-Hanging Fruit Gone, Ag & Food Tech Investors Pay More for Deals

Xconomy

Food delivery startups are catching on with more consumers, and that demand is whetting investor appetites. food technology company in the first half of the year, according to new data from online investment marketplace AgFunder. Global investment in agtech and food startups totaled $4.4

Demand 96
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AI Chip Startup Mythic Reaps $40M from SoftBank, Lockheed Venture Arms

Xconomy

Mythic, based in both Redwood City, CA, and Austin, TX, is one of the upstart companies benefiting from a surge of investing in the chip-making field, where the growing computational demands due to the use of AI are creating an opening for young entrepreneurs with out-of-the-box ideas.

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Retailers, Startups Work to Offer Efficient E-Commerce Delivery

Xconomy

The on-demand delivery war in retail is on. In its quarterly earnings call Thursday, Amazon (NASDAQ: AMZN ) announced it would switch to one-day shipping for Prime members, halving the time the 100 million-plus people who subscribe to the service must wait before receiving their purchases.

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Pharma’s Productivity Problem: Finding More Blockbuster Drugs

Xconomy

An obvious place to look for help is the venture community—Bruce Booth of Atlas Ventures pointed out in a recent blog that venture capital is doing well, and is positioned to do even better in the future. With a limited supply of new firms coming into the business, venture’s ability to expand to meet demand is inherently constrained.

Product 40