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INSTACART COMPETITION
Amazon aims to revolutionize fast delivery with new 30-minute systemAmazon is revealing a new service offering deliveries in 30 minutes or less for an additional charge. This ultrafast delivery, called Amazo...- Big shakeup at OpenAI: COO Brad Lightcap shifts out of role; Fidji Simo to take medical leaveOpenAI faces major leadership changes as Brad Lightcap moves roles and Fidji Simo goes on health leave. Meanwhile, the company prepares for...
- Asha Sharma is now Microsoft Gaming chief: How her appointment could impact the Xbox and GTA 6 releaseMicrosoft has appointed Asha Sharma as the new Chief Executive Officer of its gaming division. She will lead Xbox and the company's future ...
- Amazon expands same-day grocery delivery to perishable foods to compete with Instacart, WalmartAmazon announced in June that it is investing $4 billion to bring same-day and next-day delivery services to more than 4,000 rural US commu...
- Instacart partners with Uber Eats to offer restaurant deliveriesSan Francisco-based Instacart said Tuesday that its U.S. shoppers will see a "Restaurants" tab in the company's app in the coming weeks. Re...
- Instacart to lay off 250 employees as slowing ad business counters upbeat Q1 forecastShares of Instacart reversed course to be down about 5% after the bell following Instacart's lower-than-expected fourth-quarter revenue on ...
- Didn’t want my legacy to be defined by one company: Instacart founder Apoorva MehtaApoorva Mehta, who stepped down as Instacart CEO in 2021 and subsequently from the company’s board, still owns the largest stake in the fir...
- Dunzo’s survival hinges on Reliance; Q&A with Instacart founder Apoorva MehtaReliance Retail, which is an investor in Dunzo, is yet to sign off on a much-needed capital infusion in the cash-strapped company. All abou...
- Instacart sees upbeat core profit on higher transaction, ad feesIt expects current-quarter adjusted EBITDA, a key measure of profitability, to be between $165 million and $175 million. Analysts expect $1...
- Arm and Instacart add to losses after lukewarm analyst reportsShares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that ...
- Arm and Instacart add to losses after lukewarm analyst reportsShares of Arm Holdings and Instacart deepened their recent losses on Friday after analysts gave lukewarm ratings to the two companies that ...
- Dealshare fires 130, shutters B2B vertical; SoftBank, Oyo parent Oravel partner for premium hotelsEcommerce platform Dealshare has sacked 130 employees and shut down its business-to-business vertical, just over a month after Vineet Rao s...
- Hyped trio of IPOs drop toward offer price with rates still highArm has drawn caution from analysts with Bernstein earlier this week initiating coverage with an underperform rating, saying it’s too soon ...
- Uber Eats to roll out AI features, more payment optionsUber Eats will get a dedicated section to showcase promotional offers called "Sales Aisle". The new features are set to roll out this year ...
- Instacart stock subdued as debut enthusiasm loses steamInstacart, which counts Costco Wholesale, Kroger and Aldi among its retail partners, has seen its orders grow despite slowing from pandemic...
- Instacart goes from the supermarket to the stock market, raising $660 million with its IPOThe San Francisco-based grocery delivery company raised $660 million in its initial public offering of stock, selling 22 million shares at ...
- Elon Musk to axe 75% of Twitter staff; Delhivery shares continue downward spiralA report in The Washington Post suggests that Tesla and SpaceX boss Elon Musk plans to fire 75% of Twitter’s staff once he takes over the c...
- Scoop up your favorite flavor this Pi DayRejoicing the celebrations of Pi Day, Instacart revealed America's most popular pie flavours. The math holiday, Pi Day, is celebrated every...
- With fresh funding, Apoorva Mehta is taking the grocery delivery fight to AmazonThe money will help Instacart defend against programs like the one Amazon made public on Thursday: It’s testing free two-hour delivery of W...
- Google to start testing fresh food and grocery deliveriesGoogle will start testing in two US cities later this year, stepping up competition with online retailer Amazon.com and startup Instacart
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