Depop, a UK-based peer-to-peer social shopping app, has raised $62 million in Series C funding. The most recent financing round was led by General Atlantic, with investments from Balderton Capital, Creandum, Octopus Ventures, TempoCap and Sebastian Siemiatkowski, founder and CEO of Klarna, the Swedish payments company. Targeted at Millennials and members of Generation Z, the mobile fashion marketplace intends to use the funding to grow its London-based engineering and data teams and implement more recommendation and image detection algorithms, specifically to speed up the rate of removing counterfeit or illicit items. Additionally, Depop will allocate this funding to expand internationally, specifically in the U.S. CEO Maria Raga said the U.S. is becoming the eight-year-old startup’s largest market, with five million current users and a projected 15 million in three years. Despite the rise of peer-to-peer selling platforms like Poshmark and Vinted and social platforms like Instagram and Pinterest increasing their e-Commerce presence over the past few years, Depop has seen 100% year-over-year revenue growth and brought in gross merchandise value (GMV) of more than $500 million since its launch. Depop takes in 10% cut of the GMV sold, working out to total revenues being about $50 million for the period.…

Zyper, a peer-to-peer marketing software platform, has raised $6.5 million in Series A Funding, bringing its total funding to $8.5 million. The most recent financing round was led by Talis Capital, with contributions from Forerunner Ventures and Y Combinator. Founded by entrepreneur Amber Atherton in 2017, Zyper will be allocating these funds to the opening of the company’s headquarters in San Francisco, the expansion of its engineering and sales teams and the development of its predictive analytics engine and recommendation system algorithms.

GameStop reported a year-over-year total sales decline of 13.3% and a comparable sales decrease of 10.3% in Q1. The weakness was driven by a 20.3% drop in pre-owned sales alongside a 35% dip in new hardware sales and a 4.3% decrease in new software sales, which were somewhat offset by a 10.5% increase in collectibles sales. The sales decline follows a disappointing 2018 holiday season when sales dropped 5% compared to the previous year. Additionally, the struggling retailer had been seeking a buyer but abandoned its plans in January, though it successfully sold its Spring Mobile division for $700 million in November 2018.

Revolve, an online fashion retailer, is launching an initial public offering (IPO) on the New York Stock Exchange (NYSE), with plans to offer 11.8 million shares to raise as much as $211.7 million. The IPO price is currently estimated to be between $16 and $18 per share on the NYSE under the ticker “RVLV.” The IPO is expected to begin trading during the week of June 3. Under these terms, Revolve would be valued at $1.2 billion.

Splitit Payments, an Australia-based global monthly installment payments solution, has raised $30 million AUD ($20.7 million USD) in a funding round. The company is hoping to raise up to an additional $10 million AUD ($6.9 million USD) by offering 12.5 million shares to certain eligible shareholders in a share purchase plan.

One quarter after posting its slowest growth rate in three years (albeit still at a healthy 41% clip), Alibaba shot back up with a 51% sales increase for both its Q4 and total fiscal year. Total revenue for the quarter was $13.9 billion, while annual revenue reached $56.2 billion. Alibaba’s…

Walmart had its best Q1 comparable store sales growth in nine years, achieving 3.4% growth with total revenue climbing 1% to $123.9 billion. E-Commerce sales continued to rise, boosted by a mid-single digit expansion in online grocery offerings and strong sales in home goods and fashion accessories, which were up…

E-Commerce pet food retailer Chewy has filed for an IPO and will be listed on the New York Stock Exchange under the ticker symbol “CHWY.” The number of shares to be offered and the price range for the proposed offering have not yet been determined.