San Francisco-based online grocery store Instacart recently announced that it has raised $225mn as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience an unprecedented surge in customer demand for grocery delivery and pickup due to…
With long queues at grocery stores and society arranged vegetable marts, swarming online orders, delivery slots are overbooked, stocks are scarce, and people are struggling to get the basic cooking essentials in their households. Lining up at the supermarkets and being exposed to contacted surfaces isn’t the safest choice either, when social distancing is the…
Online grocery marketplace Bigbasket recently announced that it has acquired a 100% stake in milk delivery app DailyNinja to grow its milk delivery services. As per various media reports, the grocery delivery platform paid around $15-20mn for the acquisition. The acquisition further strengthens Bigbasket’s leadership position in the subscription delivery space in the Silicon Valley…