Grocery-delivery giant Instacart announced today that it’s laying off around 250 employees, or roughly 7% of its global workforce, as part of a restructuring. Instacart CEO Fidji Simo said in a
A critical cohort of tech firms has regained the value it lost after the summer rally, setting the stage for a stronger IPO cycle in early 2024.
In its S-1, Instacart describes itself as a "grocery technology company." But does that warrant a tech valuation?
Despite the surge of interest in AI, startups hoping to use it as a springboard to their next funding round should think twice.
After so long an IPO drought, what does Instacart have in store for its existing investors and those perhaps looking to snap up some of its shares?
Instant grocery delivery startup Zepto has raised $200 million in a new funding round at a valuation of $1.4 billion, it said Friday, at a time when most other firms in the category have either died o
Instacart now accepts Electronic Benefits Transfer for Supplemental Nutrition Assistance Program (EBT SNAP) in Alaska, the company announced on Thursday. With this expansion, Instacart now accepts SNA
Uber, Lyft, DoorDash and other app-based ride-hail and delivery companies will have to reimburse California gig workers potentially millions of dollars for unpaid vehicle expenses between 2022 and 202
Instacart is launching a new AI search tool powered by OpenAI’s ChatGPT, the company announced on Wednesday. The new “Ask Instacart” search tool is designed to help customers save ti
Instacart announced today that it’s introducing a new feature that lets you “favorite” repeat shoppers you trust to have your future orders fulfilled by them. The company is testing
Instacart is introducing a few new ways for users to find deals on its app, the company has announced. The app will now surface a new “Your Items on Sale” section on a store’s page t
Uber has rolled out updates to its Shop and Pay feature that address three of the most commonly raised courier issues: out of stock items, digital payments and order clarity before accepting a trip. T
Let's peek at the latest data and take stock of how far — and perhaps how close — Instacart has come to matching its performance and price.
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Natasha Mascarenhas, Mary Ann Azevedo and Rebecca Sz
Instacart is introducing two new features that are designed to give shoppers on its platform more opportunities to earn. The company is launching “queued batches,” which gives shoppers the
Instacart's first major valuation haircut was a sign of bad things to come for other tech companies on the delivery, IPO or valuation fronts. It now seems that we might not have hit rock bottom yet.
Some startups saw their valuations decline in 2021's bull market, some were in line with the public market, and some haven't declined at all.
Instacart delaying its IPO has left us bereft of new unicorn liquidity data for the rest of 2022. But this turn of events does teach us a few things.
The IPO market is still frozen like a Nordic lake dotted with fishing huts, but Instacart and TripActions offer signs that a thaw is now in sight.
Instacart announced today that it will expand its EBT SNAP payments program to all Instacart retail grocery partners by 2030. The company launched EBT SNAP payments in November 2020 and has since expa