Instacart

January was the peak sales month for online grocery sales, reaching $9.3 billion during the month, according to a Brick Meets Click/Mercatus Grocery Shopping Survey conducted Jan. 28-31. Sales in February started to fall, dropping 14% to $8 billion, and have remained on a slow decline since, as...

Instacart is moving beyond the store with plans to open robotic fulfillment centers for grocers to handle online orders. The grocery delivery company has announced that Fabric will provide the software and robotics for the facilities, which will start rolling out over the next 12 months, according...

The first half of 2021 saw several high-profile companies go public with IPOs. Among the most well-known companies that completed their public offerings in 2021 were Coinbase Global Inc (NASDAQ: COIN), Bumble Inc (NASDAQ: BMBL), Roblox Corp (NYSE: RBLX), Petco Health and Wellness Company Inc (...

Benzinga routinely examines a stock that might be considered a little under the radar. The company may not be well-known, but chances are the line of work it’s in is pretty familiar. This is called the “thing behind the thing.” Working behind the scenes for some of the most well-...

After reportedly being prepped for an initial public offering (IPO) early in 2021, Instacart may be rethinking that plan. According to a Thursday afternoon report by The Information, company executives are worried that buyers of its stock could be worried about the company's fortunes once the...

This is an excerpt from Tuesday's (3/9) Point of Sale retail supply chain newsletter sponsored by ArcBest. Instacart had a crazy year. Capped off by last week's funding announcement of another $265 million at a valuation of $39 billion (more than 4x where it was to begin 2020), Instacart has...

Grocery delivery app Instacart, which was expected to go public early in 2021 through an initial public offering (IPO), is now mulling alternative options, including a direct listing, according to a Reuters report. Reuters said bankers that have worked Instacart's potential listing believe it...

Instacart has announced a $265 million venture fundraising round, putting the total value of the company at $39 billion — more than double what it was just six months ago. The round involved existing investors Andreessen Horowitz, Sequoia Capital, D1 Capital Partners, Fidelity Management &...

San Francisco-based grocery delivery company Instacart Inc is considering an initial public offering early next year at a $30 billion enterprise valuation, according to Reuters. The grocery e-tailer has reportedly engaged Goldman Sachs Group Inc (NYSE: GS) as the lead book runner. What...

The likelihood of food delivery companies DoorDash and Instacart filing for an initial public offering in the near-term improved after voters in California supported Proposition 22, CNBC reported Thursday. What Happened: DoorDash and Instacart are considered two of the top IPO candidates in 2021...

Instacart on Thursday said it secured $200 million as part of a new financing round that values the grocery delivery company at $17.7 billion. What Happened: Existing Instacart investors Valiant Peregrine Fund and D1 Capital Partners led the new financing round and comes at a time when...

The competition in the grocery industry intensified this week as three major grocers announced potentially transformative long-term strategies to gain a new edge. Albertsons: Fresh off its June initial public offering, Albertsons Companies Inc (NYSE: ACI) announced an agreement to offer fresh...

Walmart Inc. (NYSE: WMT) is running a pilot with Instacart for same-day deliveries in a few areas in the United States, CNBC reported Tuesday. What Happened The hypermarket chain will partner with Instacart in four markets in Calfornia and Oklahoma, according to CNBC. Instacart already has existing...