As Grocery Deliveries Soar, Startup Raises $10 Million to Unseat Giant Instacart
Business Wars Daily
Audible
4.6 • 717 Ratings
🗓️ 25 June 2020
⏱️ 8 minutes
🧾️ Download transcript
Summary
Today is Thursday, June 25, and we’re looking at Instacart vs. Dumpling.
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Transcript
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| 1:05.5 | Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Thursday, June 25th. |
| 1:10.2 | As a result of COVID-19, |
| 1:12.1 | Instacart has become the Goliath of grocery delivery businesses. As virus fears keep us out of grocery |
| 1:18.3 | stores, we've been relying on food delivery, mainly Instacart's gig workers called shoppers, to keep us |
| 1:23.8 | stocked up. This April, Instacart's sales were five times greater than a year ago, |
| 1:29.4 | the Financial Times reported. That eye-popping growth hardly escaped investors notice. |
| 1:34.9 | Instacart raised another $225 million earlier this month at a valuation approaching $14 billion. |
| 1:42.5 | That's nearly double its valuation only 18 months ago. Perhaps needless to say, |
| 1:47.5 | Instacart's 33-year-old founder, Apurva Mehta, is now a billionaire. But lest you jump to the |
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