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Bits & Bytes | Bonobos Raises $55M, Rakuten's $100M Tech Fund, Wish App

Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
A Bonobos guideshop in Los Angeles | Photo: Koury Angelo for Bonobos
By
  • Lisa Wang

"For Bonobos, a Good Fit in Stores as Well as Online" (The New York Times)
"Bonobos, the e-commerce business best known for its well-fitted men's pants, was never supposed to have brick-and-mortar shops. Then, all of a sudden, they opened a few and money came pouring in. In the company's most recent investment round, it has raised $55 million, [founder Andy Dunn] said."

"Why is Japanese E-Commerce Firm Rakuten Going Global With a New $100M Fund?" (The Next Web)
"Rakuten Ventures, the VC fund belonging to Japan's top e-commerce company, is going global after it announced a new $100 million fund. The fund is Rakuten Ventures' second, it is the follow-up to an initial $10 million fund focused solely on Asia."

"Shopping App Wish Lands $50 Million Financing Round" (The Wall Street Journal)
"Wish, a fast-growing mobile-shopping app, raised $50 million from venture-capital investors who believe there is still room for upstarts in an industry dominated by Amazon.com, eBay and Groupon. The funding came from new investor Founders Fund and existing investors Formation 8, GGV Capital and Yahoo co-founder Jerry Yang, among others, and gives the San Francisco startup a valuation of roughly $400 million…"

"Mixed Predictions About Wearables Like Smartwatches and Google Glass" (The New York Times)
"After Google introduced Android Wear, a special version of Android tailored for wristwatches embedded with miniature computers, or smartwatches, several prominent research firms made predictions about where the devices were headed. The projections were all over the map."

"72Lux Launches Shoppable, Giving Users a Universal Wish List With Multiple Retailers" (TechCrunch)
"72Lux today announced the launch of Shoppable, a new website and e-commerce platform that allows consumers to manage their shopping wish lists over a variety of retailers and publishers in one place."

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