In food delivery, a Singaporean everyday services 'superapp’ Grab acquired Foodpanda for $600M from Delivery Hero to strengthen its scale and regional presence across Southeast Asia.

In consumer classifieds, Korean internet leader Naver purchased Wallapop, a mobile C2C marketplace, for $704M as part of its broader expansion into international commerce platforms. 

Grocery e-commerce platform provider Dingdong Fresh sold its China business for $717M to instant retail company Meituan, integrating Dingdong’s capabilities into its broader local services ecosystem.

In e-commerce, eBay acquired mobile-first resale marketplace Depop for $1.2B, expanding its second-hand fashion offering.

Theory and Practice, a Canadian provider of decision intelligence software for retailers and consumer brands, was acquired by Indian IT services and digital transformation provider Mphasis for $7.3M at 5.9x revenue. The acquisition strengthens Mphasis’ AI and behavioral economics capabilities, helping expand its data-driven decision and analytics offerings for enterprise customers.

In India, Shopflo, an e-commerce checkout optimization software provider, was acquired by payments and merchant commerce platform Pine Labs for $9.3M at 5.4x revenue. The transaction enhances Pine Labs’ commerce technology stack by adding checkout optimization capabilities designed to improve online conversion rates and customer experience.

DataFeedWatch, a US-based e-commerce product feed management platform, was acquired by Revmatics, a revenue growth and marketing optimization software provider. Although financial terms were not disclosed, the acquisition supports Revmatics’ strategy of building a full-funnel commerce and marketing optimization platform, enabling brands to better manage and monetize digital commerce channels.