Instacart

Instacart

Instacart is an internet-based grocery delivery service company.

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Timeline

June 11, 2020

Instacart raises a new $225 million financing round led by DST Global and General Catalyst.

June 5, 2020

Instacart announces that it is changing its tip policy to protect its growing shopper network from tip-baiting.

April 23, 2020

Instacart announces new COVID-19 policies and plans to hire 250,000 more shoppers.

2017

Instacart settles a $4.6 million suit regarding claims that the company misclassified its personal shoppers as independent contractors, and also failed to reimburse them for work expenses.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Instacart series F funding round
600,000,000
November 15, 2018
5 Results
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People

Name
Role
LinkedIn

Adam Fischer

Employee

Adeyemi Ajao

Investor

Aditya Shah

Employee

Alexia Burke

Employee

Alison Hillman Derse

Employee

Alysia Echevarria

Employee

Andrea Coravos

Employee

Andrew Kane

Employee

Andrew Nodes

Employee

Andrew Vilcsak

Investor

Andrew Wynn

Employee

Apoorva Mehta

Founder

Arnaud Ferreri

Employee

Arpit Shah

Employee

Ashu Khaitan

Employee

Ben D. Jones

Employee

Benjamin Sullivan

Employee

Bill Babeaux

Employee

Blair Anderson

Employee

Brandon Leonardo

Founder

Brent Goldman

Investor

Briceyda Lopez

Employee

Bryan Kennedy

Investor

Caleb Grisell

Employee

Chris Shu

Employee

Page 1 of 5

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Megan Rose Dickey
August 28, 2020
TechCrunch
Welcome back to Human Capital, where we break down the latest in labor, and diversity and inclusion in tech. This week, we're looking at the launch of the Diversity Riders initiative in venture capital and how it can go further, Instacart's labor practices and some alternative, more inclusive approaches to running a startup. Also, Y [...]
Megan Rose Dickey
August 27, 2020
TechCrunch
Instacart is facing a lawsuit from Washington, D.C. Attorney General Karl A. Racine that alleges the company charged customers millions of dollars in "deceptive service fees" and failed to pay hundreds of thousands of dollars worth of sales tax. The suit seeks restitution for customers who paid those service fees, as well as back taxes [...]
Megan Rose Dickey
August 25, 2020
TechCrunch
Gig Workers Collective, a gig worker-activist group led by Instacart shoppers, is asking Instacart to provide disaster relief to workers impacted by natural disasters. The demands come at a time when several parts of California are engulfed in flames. The three biggest fires, the LNU Lightning Complex, SCU Lightning Complex and CZU Lightning Complex, have [...]
Brooklyn Neustaeter
August 1, 2020
CTVNews
Costco has launched same-day online grocery delivery at 76 of its warehouses across Canada through a new partnership with Instacart.
Zack Whittaker
July 24, 2020
TechCrunch
Two-factor could have prevented Instacart's account breaches -- if the company supported it.
FinSMEs
June 11, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Christine Hall
June 11, 2020
Crunchbase News
Increased demand for grocery pickup and delivery services helped Instacart's total venture raise to climb to more than $2 billion.
Megan Rose Dickey
June 11, 2020
TechCrunch
Facing unprecedented growth, Instacart has secured new funding to keep up with demand. The San Francisco company announced today that it has raised $225 million in a round led by DST Global and General Catalyst. Existing investor D1 Capital Partners participated in the round, which brings Instacart's valuation to $13.7 billion. Instacart will use the [...]
Aarian Marshall
June 7, 2020
Wired
Uber, Lyft, and others have agreed to pay people who've missed work because of the virus. Seattle is on the cusp of making it law in that city.
Natasha Mascarenhas
June 5, 2020
TechCrunch
Instacart announced today that it is changing its tip policy to protect its growing shopper network from tip-baiting. Tip-baiting, a grotesque tactic, is when customers bait shoppers with a big tip and then reduce the tip to zero after they receive their groceries. It emerged as Instacart's demand skyrocketed due to the pandemic and people [...]
Russell Brandom
May 26, 2020
The Verge
Instacart promised two weeks' pay for any shopper who is quarantined because of COVID-19 -- but getting that money has been hard.
Megan Rose Dickey
May 5, 2020
TechCrunch
Gig workers have become an essential part of our society during the COVID-19 global health crisis. But even before the pandemic, gig workers had become a staple in the lives of many people who use services like Uber, Lyft, Instacart, DoorDash and Postmates. Despite the growing presence of gig workers, little has been known about [...]
Arielle Pardes
May 1, 2020
Wired
Essential workers are banding together to protest the companies' responses to Covid-19. But as one organizer says, they're fighting against giants.
Elizabeth M. Renieris
April 30, 2020
Wired
If we look closer, we may realize it's not really the "tech" we're upset about.
Arielle Pardes
April 24, 2020
Wired
Some gig workers say their supplies were low-quality or arrived damaged, as shortages continue for items like masks and sanitizer.
Natasha Mascarenhas
April 23, 2020
TechCrunch
Instacart's aggressive hiring spree is continuing due to COVID-19 shelter in place orders. Today, the company announced it is adding 250,000 more shoppers to meet consumer demand, and to help the company return to "one-hour and same-day delivery," according to a statement. Along with the hiring announcement, Instacart is implementing a slew of new policies, [...]
Arielle Pardes
April 18, 2020
Wired
Instacart promised it would provide masks and sanitizer kits weeks ago. Now the company claims the delay is by design.
Kirsten Korosec
April 16, 2020
TechCrunch
Online grocery delivery company Instacart is launching a prescription delivery service through a partnership with Costco as demand for online delivery continues to rise amid the COVID-19 pandemic. The company said Thursday the delivery service is now available from nearly 200 Costco locations in Arizona, California, Delaware, Florida, Illinois, New York, Washington and Washington D.C. [...]
Natasha Mascarenhas
April 10, 2020
TechCrunch
Instacart is adding more support roles to help its shoppers, customers, and retail partners, as the company faces unprecedented demand for its grocery delivery services due to COVID-19 shelter in place orders. Today Instacart announced that it has doubled its Care team, from 1,200 agents to 3,000 agents. Care team employees will work on answering [...]
Sarah Perez
April 8, 2020
TechCrunch
Instacart today is rolling out new ordering options aimed at unlocking more delivery windows amid a surge of demand for its online grocery service due to the COVID-19 outbreak. The company is introducing "fast & flexible" and "order ahead" options, which will shift lower priority orders further out on the schedule. This, in turn, allows [...]
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References

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