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Instacart

Instacart

Instacart is an internet-based grocery delivery service company.

Instacart is an internet-based grocery delivery and curbside pickup service company that works in over 5,500 cities across the US and Canada. The company renders its services through a website and mobile application, through which customers order groceries from participating retailers. Retailers include more than 400 national, regional and local retailers across more than 30,000 stores in the United States and Canada.

Once the customer places their order online, the shopping is carried out by an Instacart-employed personal shopper and users can track their order’s progress and communicate with their shopper. Instacart also offers curbside pickup at selected retail locations.

Timeline

June 16, 2021
Instacart announces that it is teaming up with the White House in support of the National Month of Action to get 70 percent of US adults vaccinated by July 4.

On July 1, Instacart will select 200 winners to receive a $500 Instacart gift card to keep their fridge and pantry stocked with their favorite summertime snacks, from ice cream and popsicles to salsa and guacamole and everything in between!

March 2, 2021
Instacart raises a $265M funding round from existing investors, including Andreessen Horowitz, Sequoia Capital, D1 Capital Partners and others.
January 14, 2021
Instacart launches nationwide Vaccine Support Stipend for shopper community.
January 7, 2021
Instacart announces finance industry veteran Nick Giovanni is joining the company.
2021
This year, Instacart plans to go public, an event that could value the company at roughly $30 billion.
November 12, 2020
Instacart picks Goldman Sachs Group Inc to lead its initial public offering (IPO).
June 11, 2020
Instacart raises a $225M 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.
November 15, 2018
Instacart raises a $600,000,000 series F round from Coatue Management, Tiger Global Management and Valiant Capital Partners.

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Charlize Alcaraz
October 13, 2021
BetaKit
In its Series A funding round, Toronto-based restaurant SaaS startup ResQ has raised $39 million USD to further grow its employee base.
Shira Ovide
October 13, 2021
www.nytimes.com
Why are DoorDash and Instacart letting businesses buy their way to the top of search results?
DEE-ANN DURBIN AP Business Writer
October 11, 2021
ABC News
When the pandemic hit the U.S. last year, grocery delivery company Instacart suddenly became a lifeline for millions of consumers
By DEE-ANN DURBIN
October 11, 2021
AP NEWS
When the pandemic hit the U.S. last year, grocery delivery company Instacart suddenly became a lifeline for millions of consumers. Sales volumes skyrocketed; in one month, the company added 300,000 drivers to keep up with its orders.
Amanda Silberling
September 21, 2021
TechCrunch
Yesterday, the Gig Workers Collective -- representing a body of about 13,000 Instacart shoppers -- launched a #DeleteInstacart campaign, urging customers to delete the Instacart app as a show of solidarity with workers advocating for better treatment. The collective of shoppers asked that customers refrain from reinstalling the app until five demands are met. They [...]
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References

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