While Spotify users face yet another price hike, book lovers have some exciting developments to look forward to that could help cushion the blow.

Spotify announced several updates for its audiobook business on Thursday, notably its expansion into physical books. Users in the U.S. and the UK will soon be able to purchase physical copies of their favorite audiobooks directly through the app, marking a significant pivot for the once digital-only platform. 

The company also introduced two features designed to make the audiobook experience smoother and more flexible, including a new tool called “Page Match” that lets users scan a page from a physical book to instantly transition to that spot in the audiobook. 

Additionally, “Audiobook Recaps”—a previously iOS-only feature—is coming to Android devices in the spring. This feature provides bite-sized recaps tailored to the last section users stopped listening to.

​Spotify’s decision to sell physical books through its app positions it as a competitor to major booksellers, including Amazon and Barnes & Noble. The company also recognizes that many readers still value physical books, and by offering both print and digital formats, Spotify is trying to turn itself into a one-stop shop for book lovers. 

Spotify has partnered with Bookshop.org on the new offering, an online marketplace that supports local, independent bookstores. This partnership is great news for indie booksellers, as every purchase made via Spotify will directly benefit local book communities.

The ability to purchase physical books will roll out this spring and appear on audiobook pages in the app as a button labeled “Add to your bookshelf at home.” Clicking it takes users to Bookshop’s website, which handles the pricing, inventory, and shipping.

To bridge the gap between formats, Spotify is also launching a feature called Page Match, which is currently available to premium subscribers and will roll out to all audiobook users by late February. The feature was initially spotted by Android Authority last month. 

Spotify’s new Page Match feature lets users scan a page from a physical or e-book using their phone camera. The tool analyzes the page content and directs users to the exact spot in the audiobook. It’s powered by a combination of Spotify’s in-house and third-party computer vision and image scanning technologies.

When users want to switch to the audiobook, they can select the “Scan to Listen” button and click the “Scan to Read” button to return to the physical book, making it easy for users to pick up where they left off, whether they’re reading at home or switching to audio while on the go.

Page Match is currently available for most English-language titles, with plans for future expansion. There are now more than 500,000 titles on the platform.

In the two years since Spotify first introduced audiobooks, the platform has experienced significant growth. The company reported in October that the number of users listening to audiobooks rose 36% over the past year, and listening hours increased 37%. Plus, more than half of Spotify’s 281 million premium subscribers have engaged with an audiobook.

Spotify is expected to release its fourth-quarter earnings results February 10.

SNAK Venture Partners announced Wednesday the close of its oversubscribed $50 million debut fund, anchored by the investment firm Pritzker Group (founded by Illinois governor JB Pritzker and his brother, Tony).

SNAK founders Sonia Nagar and Adam Koopersmith worked at the firm and helped lead investments in companies like the auto marketplace Backlot Cars and TicketsNow (exited to Ticketmaster). The duo decided to break out on their own and, earlier this year, launched their firm to back digital marketplaces. 

“It felt like the timing was right and there was support within the firm to go do this,” Nagar said. 

The vision is that there is still so much to digitize, like in supply chain and construction, and this is the moment to strike because even holdout industries are more comfortable adopting new technology as fintech architecture advances. 

“If you look at the biggest venture wins over the last decade,” she said, pointing to the likes of Uber, Instacart, and Airbnb, “those are five of the top 10 outcomes in venture.” As in those companies that raised billions from investors, went on to IPO, and returned millions to them.

“Most of those wins were in consumer, which tends to be faster-moving than large enterprises,” Nagar continued. “We think there’s a ton of white space to double down and focus on B2B marketplaces.” Looking specifically for the categories that haven’t yet digitized. 

The firm has already invested in six companies, including Big Rentals and Repackify, focused on equipment rental and packaging logistics, respectively. Nagar said the firm hopes to overall write seed checks into at least 20 companies, at $1 million to $2 million a pop. She said they hope to deploy the entire fund within the next 3 to 4 years. 

Though many new funds are struggling to raise capital (and capital remains concentrated at the top), Nagar said she and Koopersmith were able to lean on their backgrounds when wooing LPs. 

Nagar previously helped launch Amazon apparel back in 2009, and was head of mobile at RetailMeNot. Koopersmith, meanwhile, spent 20 years at Pritzker Group and serves on the board of various marketplace companies. At the same time, Nagar said that without Pritzker’s support, it would have been quite hard to raise this fund, especially in last year’s environment.

Other LPs in their fund include the State of Illinois Growth and Innovation Fund and executives from other marketplace companies, like Favor Delivery and RetailMeNot. 

Nagar said the firm is also location-agnostic, recognizing that the still-hidden marketplaces may not be found only in Silicon Valley and New York City. “We’re finding these overlooked founders in places where maybe other funds aren’t looking,” she said. 

SNAK is itself based in Chicago, which she said some LPs have questioned. “People perceive that as a disadvantage; we view it as an advantage,” she continued. “We can get to everybody very fast.” 

Uber is promoting Balaji Krishnamurthy, its VP of strategic finance and investor relations, to be its CFO, replacing its current finance chief Prashanth Mahendra-Rajah.

Krishnamurthy has been at Uber for over six years, spending most of his tenure in the company in its investor relations division. He often posts about the company’s autonomous ride-hailing efforts, and has a board seat at AV company Waabi — so the appointment may be a signal of the company’s plans to expand its driverless investments and operations.

Indeed, on the company’s fourth-quarter earnings call on Wednesday, Krishnamurthy said the company would invest capital in its AV software partners, work with AV makers by investing equity or via offtake agreements, and “support our AV infrastructure partners.”

“With large and growing free cash flows, over the coming years we will invest with discipline across a multitude of opportunities, including positioning Uber to win in an AV future,” Krishnamurthy wrote in a statement detailing the company’s Q4 results.

Uber’s CEO Dara Khosrowshahi said on the call that he was convinced autonomous vehicles would “unlock a multitrillion-dollar opportunity,” for the company, adding that autonomy “fundamentally amplifies” the strengths of the company’s platform.

“By the end of 2026, we expect to be facilitating AV trips in as many as 15 cities globally, with a roughly even split of U.S. and international cities. And by 2029, we intend to be the largest facilitator of AV trips in the world,” Khosrowshahi said.

Over the past two years, Uber has amassed partnerships with at least 20 autonomous vehicle companies across a variety of use cases, including sidewalk delivery robots, robotaxis, and trucking. Waymo is perhaps its highest profile partner with shared robotaxi operations in Atlanta and Austin. It has also struck deals with Avride, UK-based Wayve, Chinese companies WeRide, Momenta, and Volkswagen, among others.

It has made direct investments in AV startups as well. Waabi, for instance, recently announced a $750 million Series C funding round that included an up to an additional $250 million (if it reaches certain milestones) from Uber to support the deployment of 25,000 or more robotaxis on its platform. Uber has also invested in Silicon Valley-based Nuro and Lucid as part of a deal to launch a premium robotaxi service.

Uber said revenue rose to $14.37 billion in the fourth quarter, up 20% from a year earlier, driven by strong demand for its food delivery services.

Mahendra-Rajah is leaving Uber after three years at the company.