Change.org is a petition website that has over 25 million users that has raised their first large round of outside funding after starting six years ago. The company raised $15 million in a round of funding led by Pierre and Pam Omidyar. Pierre Omidyar is known for being the founder of eBay. Pierre and Pam used the wealth that they attained from eBay to launch the philanthropic initiative company Omidyar Network. Another investor in this round of funding was from Uprising.
Jack Dorsey, the creator of Twitter and founding CEO of Square, has partnered with auction manager Kompolt to set up a lunch meeting at Square’s office in San Francisco that will benefit charity. The auction started on May 6th and will end on May 16th. There are around 3 days left with a current bid of about $5,000. The auction will benefit the BUILD.org charity. The auction winning bidder will be allowed to bring a total of eight people.
ProFlowers is one of the largest online fresh flower retailers. Just in time for Mother’s Day, ProFlowers has set up a branded store on eBay Inc. (NASDAQ:EBAY). The ProFlowers store on eBay will let users browse through an assortment of fresh flowers, plants, and product bundles like vases and chocolates.
Online payment service PayPal.com has announced a new feature that will help alleviate the hassles of shopping through mobile devices. They are launching a universal payment service called “Log In With PayPal.” The service will allow you to easily sign in with your PayPal username and password. This allows users to avoid the hassle in filling out their payment details and shipping information. Merchants benefit from this feature because it can be used to verify a buyer’s identity.
eBay has asked their 40 million users to petition against a legislation that would allow states to collect sales tax from out-of-state online retailers. eBay CEO John Donahoe sent out an e-mail about it on Sunday morning. The legislation is known as the Marketplace Fairness Act and eBay believes that it would affect small entrepreneurs.
ChannelAdvisor is a cloud-based e-commerce company that helps retailers and manufacturers integrate and manage their inventory across hundreds of online channels including Amazon.com, Google, eBay, and Facebook. ChannelAdvisor is expected to raise $86.25 million from the IPO, but the price per share and number of issued shares is not yet known. Some of ChannelAdvisor’s customers include Saks Fifth Avenue, Barbie, Finish Line, and Lenox.
Iron Pearl is a stealth startup company that was acquired by eBay subsidiary PayPal.com. Iron Pearl was created by Stan Chudnovsky and James Currier. Chudnovsky is known for advising startups like Lyft, Goodreads, Wanelo, and Goodreads on how to get more users.
eBay, the online e-commerce auction giant, has led a $50 million Series C investment in Snapdeal. Based in India, Snapdeal is an online e-commerce website that has 20 million users. Existing investors that have participated in this round include Nexus Venture Partners, Bessemer Venture Partners and IndoUS Venture Partners. This deal was first reported by NextBigWhat. eBay will become a minority shareholder in the company as Snapdeal has raised a total of about $102 million since 2010.