Instacart acquires smart-tech startup Caper AI for $350 million

Instacart acquires startup Caper AI for $350 million

Instacart was founded in 2012 with a simple mission — to become the Amazon Prime of grocery delivery. In 2021, the company boasts nearly 10 million active users and over 500,000 “shoppers,” Instacart’s term for its delivery drivers. It finally turned in its first profitable month during the COVID-19 pandemic, in April 2020.

The thing is, though, physical grocery stores haven’t disappeared. Instacart is well aware of this, and it’s charting a path into physical retail with the $350 million...

https://www.freightwaves.com/news/instacart-acquires-smart-tech-startup-caper-ai-for-350-million

Today’s Pickup: COVID-19 gives smaller e-commerce firms a chance against Amazon

COVID-19 gives smaller e-commerce firms a chance against Amazon (Photo: Pexels)

Good day,

It is no surprise that e-commerce is a definitive winner within the retail segment in the context of COVID-19. E-commerce retail sales spiked as an increasing number of people moved online to shop, while retail outlets remained shut due to the pandemic. Though it was evident that Amazon would be one of the foremost gainers in this melee, the pandemic has had a silver lining for several small and midsize e-commerce businesses as well.

The chaos surrounding logistics during the pandemic...

https://s29755.pcdn.co/news/todays-pickup:-covid-19-gives-smaller-e-commerce-firms-a-chance-against-amazon

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