Mon.Oct 05, 2020

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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

Companies that have leveraged technology to make the procurement and delivery of food more accessible to more people have been seeing a big surge of business this year, as millions of consumers are encouraged (or outright mandated, due to Covid-19) to socially distance or want to avoid the crowds of physical shopping and eating excursions. Today, one of the companies that is supplying produce and other items both to consumers and other services that are in turn selling food and groceries to them

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J2Global to Acquire RetailMeNot for $420 Million

L.A. Business Journal

Downtown-based J2 Global Inc., an internet information and services company, has entered into a purchase agreement to acquire RetailMeNot Inc. for about $420 million.

Services 162
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iHerb To Invest $100M In Russia

socalTECH

Pasadena-based online vitamin seller iHerb says it plans to invest $100M in Russia, as a part of an effort to serve the Russian community. The company said the investment will include exporting Russian products, partnerships with Russian logistics companies, expansion of our technology development center, and the building of robotic fulfillment centers.

Invest 124
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Fast-Growing Etailer FabFitFun Could Be Considering IPO

L.A. Business Journal

Six months after hiring its first chief financial officer, FabFitFun Inc. is looking to expand its finance and accounting teams, possibly with an eye on a bigger prize.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Wilshire Associates Acquired By Private Equity Firms

socalTECH

Santa Monica-based Wilshire Associates , which provides investment, consulting, and technology advisory services, has been acquired by a pair of private equity investors. CC Capital and Motive Partners said last week they have acquired Wilshire Associates. Wilshire says it currently advises on over $1 trillion in assets and manages $73 billion in assets.

Equity 113
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J2Global Acquires RetailMeNot for $420 Million

L.A. Business Journal

Downtown-based J2 Global Inc., an internet information and services company, has entered into a purchase agreement to acquire RetailMeNot Inc. for about $420 million.

Services 130

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Bio Roundup: MESO’s Miss, Pfizer’s Cancer Bet, Vaccine Promise & More

Xconomy

Amid the bombast of Tuesday’s presidential debate, viewers caught some discussion about the response to the coronavirus pandemic and efforts to develop a COVID-19 vaccine. In the crosstalk, the president made an unsupported claim that we are weeks away from having vaccines. It’s true that some pharmaceutical companies are already manufacturing their COVID-19 vaccine candidates for broader use.

Product 103
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American Vanguard Acquires Agrinos

socalTECH

Newport Beach-based American Vanguard Corporation , a provider of specialty and agricultural products, announced this morning that it has acquired Agrinos , a technology product focused on biological crop inputs. Financial details of the acquisition were not announced. The acquisition came through American Vanguard's operating subsidiary, AMVAC Chemical Corporation.

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Don’t Make Business Decisions Based Only On Intuition

Startup Professionals Musings

I still know some entrepreneurs who boast of simply following their gut instincts, rather than listen to anyone or any data, to make strategic decisions. We’ve all worked with autocratic leaders in large companies who seem to thrive in this mode. They all forget or ignore the high-profile failures that have resulted from some single-handed business decisions.

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Smule Connects Into Snap Camera For AR Rap App

socalTECH

Interactive music creation app developer Smule said this morning that it has integrated with Venice, California-based Snap , with the Snap Camera. According to Smule, its hip-hop music app AutoRap now connects directly into Snap Camera, bringing augmented reality (AR) lens support to its ecosystem. Smule said it is integrating Lenses through the Snap Camera Kit.

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TikTok Avoids App Store Ban

L.A. Business Journal

While TikTok awaits further developments in the proposed sale of its U.S. operations to Oracle Corp. and Walmart Inc., the social media platform notched a victory last week in its fight against the Trump administration.

Oracle 130