As grocers struggle to make their eCommerce businesses as profitable as brick-and-mortar channels, artificial intelligence (AI) can help close the gap. In an interview with PYMNTS, Alex Weinstein, chief digital officer of AI-powered online grocer Hungryroot, explained that predictive inventory capabilities can boost margins by...
Hungryroot’s revenue surges as eGrocers realize they may need to do more for their consumers. The online grocer, which personalizes meal plans for consumers, announced in a Thursday (March 30) earnings release that in 2022, its revenue grew by nearly half (47%) year over year....
As eCommerce food businesses across restaurant and grocery aggregators compete for consumers’ share of stomach, many are turning to loyalty programs to drive up purchasing frequency in the face of so many challengers. Yet not all players in the space are convinced that rewards programs...
Today in food commerce, McDonald’s gears up for the international expansion of its rewards program, while Domino’s takes to the sky. Plus, grocers leverage artificial intelligence (AI) to bring inventory management into the future. McDonald’s Leverages Loyalty Personalization to Combat Aggregators In just half a...
July 21, 2023
As grocers struggle to make their eCommerce businesses as profitable as brick-and-mortar channels, artificial intelligence (AI) can help close the gap. In an interview with PYMNTS, Alex Weinstein, chief digital officer of AI-powered online grocer Hungryroot, explained that predictive inventory capabilities can boost margins by reducing waste. “AI can help create a more profitable business. […]
June 07, 2021
Hungryroot, an artificial intelligence (AI)-powered grocery service, has raised $40 million in a Series C funding round, according to a press release. Hungryroot intends to use the money to grow by increasing the amount of groceries and recipes offered, the release stated. The company will also bolster its team, increase investment in automation tech, optimize […]
January 27, 2017
Founded in 2015, healthy meal kit food startup Hungryroot is going after Big Food in a big way. The startup is looking to innovate the comfort food market by making...
