Promoted grabs more funding to help e-commerce marketplaces achieve profitability

It’s a big week for startups developing technology for e-commerce marketplaces. We saw companies like Nautical Commerce bag $30 million in Series A funding to help any sized business create their own marketplace. Meanwhile, Shop Circle made its public debut with $65 million under its belt with apps so that Shopify merchants can quickly set up their businesses.
And why not, the sector is big business: It’s estimated that some $3.2 trillion was spent globally on the top marketplaces in 2021, with those like Taobao, Tmall and Amazon accounting for over 60% of the activity, according to research f

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