Instacart Slashes Valuation with Employees Top of Mind
Instacart made some finance news when it voluntarily slashed its valuation by almost 40 percent, from nearly $40 billion to $24 billion. That seems quite bad at first blush, but the valuation dip offers a window into the mismatch between venture capital valuations and...
Report: Instacart to Test Rapid Grocery Delivery
Instacart is planning to trial 15-minute grocery delivery as soon as February 2022, according to reporting around a purported leak by The Information. The grocery delivery heavyweight offers two-hour delivery and debuted 30-minute delivery in select markets earlier...
Instacart Takes Aim at Meal Delivery, Catering
Instacart is growing in the direction of meal delivery. On October 7, the company announced it would acquire catering software company FoodStorm, extending its reach into the prepared food aisle of many grocery stores. And at the beginning of the month, meal delivery...
Instacart, Stop & Shop Partner on 30-Minute Grocery Delivery
Instacart has partnered with Stop & Shop, a Massachusetts-based brick-and-mortar grocery brand, to offer 30-minute delivery of fresh foods, meal kits, groceries and household necessities in select Northeast markets. The new service—called Stop & Shop...
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