The golden age of working for Instacart, DoorDash, and other delivery apps is over, workers say

By Alex Bitter Source: Business Insider In 2020, at the height of the pandemic, Juan started delivering groceries through Instacart and takeout orders via Uber Eats in Southern California. The money was good enough that he didn't need any other job. Three years later, Juan is still a full-time gig [...]

2024-01-09T08:39:14-08:00December 31st, 2023|Tags: , , |

US grocery delivery app Instacart hikes its valuation 18% to $12 billion as financials improve

Source: The Economic Times (India) Grocery delivery app Instacart raised its internal stock price by 18% in late February compared with December, The Information reported on Sunday, citing a person with direct knowledge of the matter. Instacart's improvement reflects financial results from December, January and February, as well as the [...]

2023-04-05T15:02:53-07:00April 5th, 2023|Tags: |

Instacart slashes its valuation by nearly 40%

By Jeff Wells Source: Grocery Dive Instacart has slashed its valuation by nearly 40%, to around $24 billion, the company said on Thursday. It had posted a $39 billion valuation last year. The move comes amid slowing growth on Instacart’s marketplace and increasing competition from e-commerce companies like DoorDash. “We [...]

2022-03-28T15:52:33-07:00March 28th, 2022|Tags: , |
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