In response to changing market conditions, Instacart is cutting its internal valuation by 38% to $24 billion from the $39 billion it was valued following a $265 million funding round last year, according to reports on Friday (March 25). Get the Full Story Complete the...
Instacart is entering the ultrafast grocery delivery space. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you...
As Amazon continues taking a bigger piece of the grocery delivery market and newcomers like Gopuff crowd an already-congested landscape, Instacart is planning to launch micro-fulfillment warehouses to gain a competitive edge, according to a press release on Thursday (March 24). Get the Full Story...
The pandemic has played a key role in driving the rapid rise of quick commerce — also referred to as on-demand delivery — in recent years, as consumers’ appetite for faster delivery options have given a huge boost to companies in the ultrafast grocery delivery...
Last mile delivery is complicated and expensive, especially when it involves direct-to-consumer deliveries. This means going to different places every day, often receiving incorrect information from consumers about their location and where to put the package, and finding and retaining delivery drivers at a time...
Delivery apps are the to-go option for many people when it comes to prepared meals, groceries or other products. Sometimes, delivery apps even offer lower prices than in-person shopping venues — thus, this business model offers unrivaled convenience to buyers. Despite its perks, a series...
Indian food delivery service Zomato has gotten a wave of social media backlash over its plans to launch a 10-minute food delivery service that critics say endangers drivers and riders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Payfare, the FinTech that allows instant payouts and digital banking solutions for the gig economy, has increased fuel purchase rewards for DoorDash workers in the United States, the Toronto-based company announced Tuesday (March 22). Get the Full Story Complete the form to unlock this article...
Just Eat Takeaway, Europe’s largest meal ordering service, has signed a long-term strategic partnership with McDonald’s to expand delivery. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
