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Instacart Announces Finance Industry Veteran Nick Giovanni is Joining the Company as CFO
Instacart, the leading online grocery platform in North America, announced it has appointed Nick Giovanni as Chief Financial Officer, effective January 27, 2021. Giovanni will oversee finance, accounting and corporate development for the Company, and will report directly to Founder and Chief Executive Officer Apoorva Mehta. Giovanni will succeed current CFO Sagar Sanghvi and the two will be partnering together to ensure a seamless transition.
"We want to thank Sagar for all of his contributions to Instacart over the last five years. During his time at the company, Sagar helped us navigate some of our biggest business milestones while...
Instacart and ALDI Announce New Pilot For EBT SNAP Online Payment
Instacart announced its Supplemental Nutrition Assistance Program and Electronic Benefit Transfer (EBT SNAP) integration in partnership with ALDI. For the first time, EBT SNAP participants will be able to access fresh food and pantry staples from ALDI via Instacart's same-day delivery and pickup services. The multi-phased launch will begin in Georgia in the coming weeks across more than 60 ALDI stores, with anticipated plans to expand to more than 570 stores across Illinois, California, Florida and Pennsylvania in the coming months.
The introduction of Instacart's EBT SNAP payments comes at a time when food insecurity in the U.S. has compounded as the nation continues to be impacted by COVID-19. According to Feeding America, due to the effects of the pandemic, more than 54 million people may experience...
Instacart Appoints Two New Executives To Leadership Team
Instacart, the North American leader in online grocery delivery, today announced the addition of two new executives to its leadership team. Experienced human resources executive and people leader Christina Hall has joined Instacart as the company's first Chief Human Resources Officer. Additionally, as part of the company's continued investment in product development, Instacart has named Ariel Bardin as Senior Vice President of Product. These new leadership hires come as Instacart continues to build out its teams and scale to meet the increased consumer demand for its online grocery delivery and pickup services...
Instacart Raises $200 Million in New Funding as Grocery Delivery, Pickup Booms During Pandemic
Grocery delivery service Instacart announced it has raised $200 million in funding led by existing investors Valiant Peregrine Fund and D1 Capital Partners.
2020 has been a strong year for the company, which has seen its valuation more than double since the year began as consumers have pivoted to online grocery shopping during the coronavirus pandemic.
According to CNBC, the company’s valuation jumped to $17.7 billion following the funding round, up from $7.9 billion when 2020 began. Instacart is now...
Instacart Adds 7-Eleven as First National Convenience Store Partner
Instacart and 7-Eleven announced a new collaboration that brings same-day delivery to customers, often in as fast as 30 minutes. Together, Instacart and 7-Eleven now offer delivery of thousands of convenience, alcohol, and grocery items from the store to customers' doors in participating pilot markets. The multi-phased launch is live in more than 750 stores in Dallas, Miami, Baltimore, Washington D.C. and the surrounding areas, with plans to expand nationally to more than 7,000 7-Eleven stores across the U.S.
"We're excited to introduce 7-Eleven as Instacart's first national convenience store partner. 7-Eleven is a beloved, generational brand with a deep legacy. Most of us grew up with a 7-Eleven in our neighborhood and probably remember...
Instacart Launches New Customer Product Features as Demand for Online Grocery Surges
Instacart announced the launch of two new product features designed to speed up service and unlock more delivery windows as demand for grocery delivery continues to surge in North America. The new features - "Fast & Flexible" and "Order Ahead" - which the company has been testing over the last few weeks, increase delivery availability for customers across North America and provide more choice and convenience for customers who are moving their weekly grocery shop online.
Instacart has become an essential service for millions of people in the U.S. and Canada who are depending on the platform to safely, reliably and affordably get the groceries and household goods they need. Last week, the company saw overall customer order volume up by more than...
Instacart Announces Plans to Bring on 300,000 New Personal Shoppers Over the Next 3 Months
Instacart announced plans to bring on an additional 300,000 full-service shoppers over the next 3 months to meet the growing customer demand for grocery delivery and pickup in North America. Instacart has become an essential service for millions of customers who are relying on the platform to get access to the groceries and household goods they need in a safe, reliable and affordable way.
In the last few weeks, the company has seen order volume grow by more than 150% year-over-year, with average customer basket size also increasing by 15%. By more than doubling the size of its full-service shopper community, Instacart will be better positioned to meet this increase in...
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