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CIOs take aim at SaaS sprawl

CIO

Years into strategies centered on adopting cloud point solutions, CIOs increasingly find themselves facing a bill past due: rationalizing, managing, and integrating an ever-expanding lineup of SaaS offerings — many of which they themselves didn’t bring into the organization’s cloud estate. And he doesn’t see the issue going away anytime soon.

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VCs to recommerce startups: Let’s pop some tags

TechCrunch

It’s largely due to the changing cultural and societal value placed on sustainability. Within apparel and textiles alone, billions of dollar’s worth of products are destroyed, discarded or warehoused each year because brands overproduced or the item didn’t sell. That’s 5x faster growth than the overall retail market.

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Fashinza, a B2B supply chain marketplace for fashion brands, raises $100M

TechCrunch

. “Even though brands were marking up their retail price at 75% to 80% margins, they were still making only around 8% to 10% profits and losing money due to high inventory wastage or going out of stock. They] struggled with … opacity due to multiple middlemen and their manufacturers being thousands of miles away.”

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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch

Josh Kaplan and Dee Murthy, both founder and co-CEO of the Los Angeles–based company, started Ghost in 2021 after previously working together at Four Five Group, a men’s apparel business. Naturally, they started in apparel but are also seeing opportunity in beauty and home goods. to develop some sweet inventory-planning software.

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TryNow raises $12M to bring try-before-you-buy, Prime Wardrobe as a service to online retailers

TechCrunch

TryNow — which provides technology to online retailers that use Shopify Plus to let their customers receive and try out apparel, return what they don’t want and pay only for what they keep — has raised $12 million, funding that it will be using to continue expanding its business.

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Daily Crunch: Berlin-based design platform Kittl raises $11.6M Series A to take on Adobe and Canva

TechCrunch

Today, that’s our delightful little morsel of whimsy, courtesy of Frederic ’s review of a new keyboard (scroll all the way to the bottom for a photo of the adorable little kitteh). Use code “DC” for a 15% discount on an annual subscription! PST, subscribe here. You can sign up here. Big Tech Inc. Have you shopped here?

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Daily Crunch: Falling short of analysts’ estimates, Warner Bros. Discovery posts $2.1B net loss for Q4 2022

TechCrunch

Fashion layoffs : Secondhand apparel marketplace Poshmark is now laying off employees just two months after being acquired by Naver, Kate reports. Use code “DC” for a 15% discount on an annual subscription! Discovery revealed that it lost another $2.1 billion in the fourth quarter. Lauren explains more. You can sign up here.

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