Friday, March 22nd, 2019

Square Looks to Help its Merchants Sell More
Press Release

The financial services company announced that it’s helping its merchants start or grow their businesses by offering an eCommerce website, as well as other services which include Instagram selling, shipping, and in-store pickup.

In order to offer the service, the company stated that it will be integrating its Weebly commerce platform, a company that it acquired over a year ago for approximately $365 million.

The company’s new service will also help restaurants facilitate website orders, provide the ability to customize pickup times across multiple locations, and enable the option to pay ahead for online orders.

Postmates Launches a Group Delivery Option
Company Blog Post

The on-demand delivery company announced in a company blog post that it’s launching Postmates Party, an option that helps customers save “money by ordering from popular restaurants that people all around them are ordering from in real time.”

Customers who claim a Postmates Party deal within a specific time-frame are able to receive free delivery on their orders.

The feature will be initially available in cities including, Los Angeles, New York, and Chicago.

Rent the Runway Receives New Funding
New York Times

The New York Times reports that the designer dress and accessory rental company has closed a $125 million round of new funding. The round was led by Bain Capital Ventures and Franklin Templeton Investments.

The new capital looks to help the company expand its product offering, open a second distribution center in Dallas, and establish a new store in San Francisco.