Street Fight Daily: Revel Raises $100M, Groupon Splits App
A roundup of today’s big stories in hyperlocal publishing, marketing, commerce, and technology…
Revel Lands A Whopping $100m To Put Another Nail In Cash Registers’ Coffins (VentureBeat)
iPad POS vendor Revel System today announced it has scored $100 million in new funding to take on the likes of Square, NCR, and others in the still-growing market of brick-and-mortar electronic commerce. The San Francisco-based company provides a cloud-based iPad system that acts as a souped-up digital cash register for brick-and-mortar retailers.
StockUp Presents the Latest Take on the Local Inventory Dilemma (Street Fight)
The startup has spent a year in stealth building a community around an app that allows users to scan barcodes and add product and pricing information manually to its database. Andy Ellwood, a former Waze exec who now serves as chief revenue officer, says the company now has information about over half a million products in its database.
Groupon, Too, Turns to Multiple Apps (New York Times)
On Monday Groupon introduced a stand-alone mobile application to help people find travel packages at discounted rates. The app, named Getaways, takes a category inside Groupon’s main app and breaks it out into its own dedicated smartphone application.
Sponsored Content: Understanding the Local Service Layer and Data’s Key Role (Street Fight)
In developing a national-to-local strategy, brands need to consider these two key resources: people and data. Employees, affiliates and other local evangelists offer an immense resource for promoting a brand to local consumers. At the same time, a deluge of local information is now available to allow brands to tailor messaging programmatically.
Small Business Lending Platform On Deck Files For IPO Valued At Up To $150 Million (Fox Business)
Small business lender On Deck on Monday filed for an initial public offering valued at up to $150 million. The New York-based company takes online loan applications from small businesses, assesses their creditworthiness, and in some cases it lends them money the same day.
5 Tips for the Aspiring Hyperlocal Publisher (Street Fight)
Damian Radcliffe: Although the business — and consumption — of journalism continues to evolve, its health certainly seems much more robust than it was five years ago. Yet at the same time some constants remain. In particular, issues around funding — and sustainability — continue to remain one of the sector’s biggest challenges.
This Verbal Confrontation Shows Why Walmart Will Never Accept Apple Pay (Recode)
At a recent payments conference called Money2020, Walmart exec Mike Cook’s public questioning of a top Visa executive made it clear that the credit card debate is alive and well and a big reason why Walmart isn’t accepting Apple Pay. The exchange epitomizes the mistrust and disdain between Walmart and the credit card networks.
Mapquest Wants To Help Stranded Drivers With On-Demand Towing Service (Fast Company)
MapQuest on Monday began rolling out integration with Urgent.ly, an Aol-incubated startup that provides on-demand roadside assistance, into its mobile app. Capitalizing on the $6 billion towing industry, Urgent.ly differentiates its service from AAA and other auto club memberships by dispatching quicker service with a la carte pricing.
The Rise Of The Sensornet: 4.9BN Connected Things In 2015, Says Gartner (TechCrunch)
Gartner is predicting a 30 per cent jump in the number of connected objects in use in the wild from this year to next as sensing connected devices proliferate in an Internet of Things. In a forecast put out today, the analyst predicts there will be 4.9 billion connected things in use in 2015, up from 3.8 billion this year.
DogVacay raises $25 million (Fortune)
Founded in 2012, DogVacay’s service has been called “Airbnb for dogs.” Dogbnb, even. Similar to the room-rental marketplace, DogVacay allows dog owners in 3,000 cities to hire one of its 20,000 dog-sitters for their pets.