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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

That came after it shut down service in Seattle, Los Angels, and New York. Its venture capital investors included Greycroft, ACME Ventures (formerly known as Sherpa Capital), Menlo Ventures, e.Ventures, Cota Capital, M13 and others, noted reports. That never happened, prompting its action earlier this week.

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Monzo Courts SoftBank As Part Of £100M Capital Raise

PYMNTS

offering limited services in Los Angeles. operations, reporting to Bloomfield. It recently started trialing its banking app in the U.S., The startup spent its initial funds quickly as it pursued expansion. In addition, Monzo hired former Visa executive TS Anil as CEO of its U.S.

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BlackLine Gains Nearly 50% in Largest Tech IPO of 2016

Bank Innovation

Los Angeles-based BlackLine priced 8.6 BlackLine Inc. priced its IPO at the high end of the range on Friday, and surged nearly 50% in a delayed opening, squarely placing the accounting and software company in unicorn territory. Could this signal the beginning of something good for tech? million shares at $17 Read More.

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Walmart Divests Of Shoes.com, Bare Necessities Brands As Part Of Digital Streamlining

PYMNTS

CriticalPoint Capital, a Los Angeles merger and acquisition advisory and investment bank, will acquire the shoe website while the lingerie platform will be purchased by Delta Galil Industries, an Israeli manufacturer and marketer of branded and private label apparel products for men, women and children.

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Rent The Runway Sets Up Drop Boxes Across U.S.

PYMNTS

The drop boxes will be in six cities — New York, San Francisco, Los Angeles, Chicago, Miami and Washington, D.C. — Currently, the company has five locations — in Chicago, New York, San Francisco, Los Angeles and Washington, D.C. so that customers can return and rent items with ease.

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Uber Co-Founder Kalanick Prepares Global Network Of Food Delivery Kitchens

PYMNTS

The idea is to capitalize on the trend toward food delivery thanks to the likes of Uber Eats, GrubHub and Deliveroo. The report noted that CloudKitchen recruiters have been reaching out to people in London that have operations experience. According to a report in The Financial Times, the new venture is called CloudKitchens.

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eCommerce Grocer Weee Notches Almost $50M In Funding

PYMNTS

Lightspeed Ventures, iFly.vc, Silicon Valley Bank and Goodwater Capital were participants in the investment, Deal Street Asia reported. The company provides its offering in the San Francisco Bay Area, Los Angeles, Sacramento and Seattle. It has over 5 million registered users.