Breaking: Instacart raises $265M, putting valuation at $39B
Instacart has announced a new funding round of $265 million, increasing its valuation to $39 billion.
Instacart has announced a new funding round of $265 million, increasing its valuation to $39 billion.
A new organization in New Jersey backed by app-based companies and community leaders is working to ensure gig workers can maintain their flexible and independent employment status.
Grocery is the only retail segment that has maintained (and even grown) its e-commerce penetration since peak levels in March, indicating the new normal is already here. The new normal is a much higher level of online demand, and grocers are getting wise about their fulfillment methods.
Walmart’s U.S. e-commerce chief, Marc Lore, departs with the company well positioned, but with a mixed bag of results.
Instacart is cutting approximately 1,800 in-store shoppers nationwide as it moves to a technology-focused “Partner Pick” model.
As retailers faced a decline in customers during COVID-19 lockdowns, many turned to scanning applications to help meet a surge in online orders.
Walmart will test a temperature-controlled box from HomeValet that enables home deliveries of groceries while ensuring those products remain fresh and safe for consumption.
A grocery supply chain expert told the FreightWaves Last Mile Logistics Summit that grocery stories are not feeding the Canadian appetite for online shopping.
Workers at an Amazon warehouse are protesting conditions while Instacart workers are walking off the job amid coronavirus concerns. Plus, truck drivers are scared, but still delivering and Americans learn the value of the supply chain.
In a message to customers, FreshDirect CEO McInerney apologized for the rocky segue. The transition to the new Bronx facility “has not been as smooth as we planned,” McInerney told customers in the Friday morning email.