The New York startup scene keeps booming and the latest boost is coming from social commerce company, The Fancy, that is said to have raised $53 million in new funds and is valued at a whopping $600 million.
The recent funding announcement and user enagagement numbers from We Heart It, a site that allows you to re-post inspiring images, can tell us a lot about where the future of the visual web is headed.
As a new generation of social media-savvy shoppers come of age, retailers and e-commerce sites need to think about how they’re adapting to new standards. Wanelo is a San Francisco startup that’s riding those waves.
What does it mean to have a social shopping experience? The definitions run the gamut, depending on the type of shopping experience you’re looking for. But Wanelo is pioneering an interesting model to look at.
Pinterest is unveiling a new pin structure for different types of products and an integration with a large number of retail brands, as it continues buildng up the platform and paving the way for growth.
Wanelo has grown in popularity recently, especially among young female shoppers, but how the company can move beyond that core audience remains to be seen.