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Makro's plans to become an online shopping powerhouse

Makro's plans to become an online shopping powerhouse
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Instacart continues to expand beyond grocery with Michaels


Crafts chain launches pilot of same-day delivery service, adding to Instacart’s roster of non-grocery retailers
Continuing its move beyond same-day delivery for groceries, e-commerce platform Instacart has launched a pilot program with arts and crafts retailer Michaels to deliver from nearly 100 stores across Chicago, Dallas and Washington D.C.
With the new partnership, Irving, Texas-based Michaels customers can shop online for delivery in as fast as an hour for thousands of arts and crafts products including canvases, yarn, paint and other art supplies. Following the initial pilot, Michaels delivery via Instacart is expected to expand to all 1,272 Michaels stores in the U.S. over the coming months. ....

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Instacart Now Valued at $39B


Instacart has raised $265 million as part of a new financing round.
Solidifying its domination in the online grocery market, Instacart has raised $265 million as part of a new financing round that increases its valuation to $39 billion   more than doubling its valuation of $17.7 billion from October 2020. 
The COVID-19 pandemic has accelerated consumer adoption of delivery and pickup grocery services, and this momentum shows no signs of slowing as consumers come to rely on the convenience of online shopping.
Today s fundraising reflects the strength of Instacart s business, the growth our teams have delivered and the incredible opportunity ahead, said Nick Giovanni, CFO for Instacart. This past year ushered in a new normal, changing the way people shop for groceries and goods. While grocery is the world s largest retail category, with annual spend of $1.3 trillion in North America alone, it s still in the early stages of its digital transformati ....

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