Myer

Australia Post takes 25% stake in Shiperoo ahead of the recommerce boom

Australia Post has acquired a quarter of Melbourne logistics startup Shiperoo, price undisclosed, backing its AI-powered fulfilment and returns platform as the founders plan overseas expansion.

Smart50 alumni Cashrewards acquires Little Birdie

Cashrewards has bought Little Birdie, the deals startup backed by Commonwealth Bank that went quiet in May; the piece also recalls Cashrewards' 2017 Smart50 nod, 2020 ASX float, and later takeover by 1835i Ventures.

Also Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily

Fashion startup The Daily Edited gets another life after voluntary administration

Marquee Retail Group, owned by ex-Myer chief Bernie Brookes, has emerged from voluntary administration under a restructuring deed, keeping 400 jobs and The Daily Edited's online business, while its Sydney flagship store shut.

‘When Lachlan calls, you answer’: Inside this Murdoch-backed luggage giant

Profile of luggage brand July, built by Melbourne founders Athan Didaskalou and Richard Li with backing including Lachlan Murdoch, covering its pandemic pivot, Olympic team supply deal and retail expansion.

The administrators of The Daily Edited found a buyer in veteran retailer Bernie Brookes

Administrators KordaMentha sold monogrammed fashion label The Daily Edited to Bernie Brookes' BJM, price undisclosed, while Kogan.com separately bought collapsed furniture retailer Brosa for $1.5 million.

Personal care company selling in 12 countries | Awarded Australian government grant | $1.5M already raised

Wholesale Investor profiles Dr Mark's HyGenie, an oral hygiene company that has raised $1.5 million in a Series A and received a $1 million Australian government commercialisation grant, and is now offering $5 million.

Ignition Lane's Weekly Wrap: Startup hatches, matches & dispatches, fresh crop of VCs, Microsoft 30.0

Weekly roundup reporting many startup funding rounds, Investible's fund close, Skalata's committed capital, hipages buying Builderscrack, Stack Sports acquiring Team App, and Level Equity's stake purchase in Eftsure.

Also SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily

Marketplacer just raised another $38 million, says it's still thinking about an IPO

Marketplacer has banked a fresh $38 million injection from first-time and returning backers after a mooted 2021 float failed to proceed, with the money earmarked for growth in America and product development.

Also SmartCompany·Startup Daily·Techboard

The makings of billionaires: A brief history of Afterpay

A retrospective of Afterpay's journey from its 2014 founding and only venture raise to its ASX listing, US and European expansion, and its agreed $39 billion takeover by Square, alongside partnerships and controversies.

Ignition Lane's Weekly Wrap: Intersekt highlights, $100m Kiwi exit, tech sucker trade, the week in raises

A weekly technology roundup reporting a New Zealand booking software firm's sale, an Australian beauty retailer's acquisition, several venture raises, executive share sales at an e-commerce firm, and a new government fund committee.

Also SmartCompany·Startup Daily

Luxury leather goods retailer Mon Purse collapses into liquidation

Handbag customisation startup Mon Purse has entered liquidation and stopped trading, with Wexted Advisors appointed and seeking buyers, while the article recalls the company raising roughly $9 million from backers over six years.

Also Startup Daily

ecommerce software startup Marketplacer just raised $20 million as it gets ready to list

Melbourne marketplace software firm Marketplacer has raised $20 million, with prior backers returning and new investors joining, ahead of a planned 2021 listing.

Also SmartCompany·SmartCompany·SmartCompany

Investec raises $45 million to reach first close of Emerging Companies Fund 1

Investec's emerging companies arm has reached a $45 million first close on its debut fund, with the bank the largest investor; the fund will back companies valued between $10 million and $200 million.