Instacart is doubling down on subscriptions and other services as the pandemic delivery boom wanes. Here are 5 initiatives it's betting on as it prepares for an IPO.
Instacart unveiled its revamped subscription service, Instacart+, in June.Now called Instacart+, Instacart's subscription service costs $9.99 per month or $99 per year.
Instacart in March introduced Instacart Platform, a suite of e-commerce and in-store tools for retailers.Instacart has been building its advertising business for roughly two years. The division allows brands to place their products in front of customers as they scroll and add to their virtual shopping basket.
"I'm not entirely sure that retailers are going to think of Instacart as that value-added partner that you want to trust the loyalty of your customers to," Ellin said. Laura Kennedy, a CB Insights analyst, said that standing out from those rivals and attracting enough consumers to Instacart as delivery demand wanes will be key to growing the business.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EXCLUSIVE Aramco Trading plans to absorb Motiva Trading ahead of possible IPOSaudi Aramco is planning to merge two energy trading units, people familiar with the matter said, with Aramco Trading Co (ATC) due to absorb Motiva Trading ahead of a potential initial public offering of the business.
Read more »
Vivendi to Own 57.3% Stake in Lagardere Group Following IPOVivendi is on track to own a 57.35-percent stake in Lagardère, the French media, publishing and travel retail conglomerate, following a public tender offer which took place May 27 to June 9. If app…
Read more »
Chinese chip designer founded by former Canaan execs seeks $50 million Nasdaq IPOChinese chip designer Nano Labs, founded by two former executives at Canaan, wants to go public on Nasdaq.
Read more »
NYC’s Momofuku Ko Is Bringing Back TippingThe restaurant's service-included pricing, which began in 2018, will end next month.
Read more »
DC Chefs and Restaurants Shut Out at 2022 James Beard AwardsFor the first time since 2012, DC-area chefs and restaurants were shut out at the James Beard Awards. Seven finalists were passed up for awards, including Best New Restaurant and Emerging Chef.
Read more »
Our Readers' Favorite VPN Is Just $3 Per Month Here OnlyOur readers' favorite VPN is just $3 per month here only, from KinjaDeals
Read more »