Tag: Instacart

Ocado invests in autonomous driving, Instacart expands e-commerce capabilities with acquisition of FoodStorm

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UK –  UK-based grocery solutions and logistics business Ocado has invested £10 million ($13.6 million) in self-driving technology startup Wayve to spur the development of autonomous grocery delivery.  Founded in 2017, Wayve’s autonomous-driving technology relies on deep learning and cameras, in contrast to the light detection and ranging — commonly known as “lidar” — systems and sensors that many self-driving companies currently employ.   The camera-based approach is less costly, and according to Wayve, is also well suited to navigating traffic-clogged, complex city streets where so many grocery deliveries happen.  Under…

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Grocery delivery service Instacart raises US$200m in new funding round

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USA – Instacart, an US-based grocery delivery service, has raised US$200 million in a new funding round led by existing investors Valiant Peregrine Fund and D1 Capital Partners, further solidifying the company’s position as a leader in grocery e-commerce. According to a statement from Instacart, the new funding will be used to enhance product development, focused on introducing new features and tools to enhance the customer experience; continue investment in the firm’s Instacart Enterprise product suite to support retailers’ end-to-end ecommerce needs; and further investment in Instacart Ads for consumer…

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Grocery delivery firm Instacart valued at nearly US$14bn after new funding round

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USA – American grocery delivery company, Instacart has increased its valuation to US$13.7 billion following a new financing round that saw the company bag US$225 million from global investment firms including DST Global and General Catalyst. The investment, which comes as Instacart continues to experience a surge in customer demand for grocery delivery and pickup across North America, will enable the company to further scale up its technology and operations to meet the rising demand especially as online food delivery continues to gain traction. Markedly, the eight-year old grocery delivery…

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Kroger grows delivery footprint by 50% after partnership with Instacart

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USA – Kroger, an American retailing company, has expanded its same-day grocery delivery services through its partnership with Instacart, announcing a 50% delivery footprint after the partnership deal. According to FoodDive, the company announced it will add the service to 75 additional markets, including Atlanta, Nashville and Memphis, by late October. This expansion will grow Kroger and Instacart’s nationwide footprint by 50%, making the service available at more than 1,600 stores. Kroger and Instacart first announced their partnership in the fall of 2017 and expanded the service in March. The…

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Kroger and Instacart extends partnership by adding 500 new delivery locations

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USA – Kroger, an American retailing company, has expanded its partnership with the American grocery delivery service, San Francisco-based Instacart by adding 500 more delivery locations to enhance its home delivery service. Home delivery service will be available in 45 new cities across the US including Atlanta, Central (Indianapolis), Columbus, Dallas, Houston, Louisville, Michigan, Mid-Atlantic in Virginia, Nashville, with a future expansion in other areas. “With the expansion of our Instacart partnership, it provides Kroger the opportunity to increase our delivery offerings even further and when you combine it with our…

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Instacart receives US$200 million funding to build shopper team

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US – Instacart has received US$200million funding led by Coatue Management to focus on building shopper support teams and software. The funding which values the US grocery at US$4.2 billion was also sourced from Glade Brook Capital Partners and aims to drive innovation when it comes to service delivery. It also targets to offer customers convenience and a wide range of products to choose from. According to Instacart founder and CEO Apoorva Mehta, the online grocery market in 2017 witnessed significant investments which led to the growth of grocery business…

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Instacart buys coupon start-up Unata to boost growth in Canada

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CANADA – Instacart, the American grocery delivery service, has acquired Unata, an ecommerce platform that allows customers to select groceries through a web application from various retailers, which are then delivered by a personal shopper. The Unata coupon start-up would accelerate the shopping process for customers in combination with Instacart’s talented teams, vibrant cultures, and innovative products. Instacart’s continued investment in innovation and resources for both the two companies will merge them into a single powerhouse platform though Unata, whose headquarters will remain in Toronto will become an independent subsidiary of Instacart. The…

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