Even the largest ultrafast grocers are taking a hit as economic challenges rack the industry. Now, even Turkey-based multibillion-dollar quick-commerce firm Getir, which seemed to have largely escaped the challenges that other players in the space have faced, has been dealt a major blow. On...
This week in grocery, one ultrafast delivery service shutters while another becomes stronger than ever. Sydney, Australia-based 10-minute grocery delivery service MilkRun is shutting down, The Australian Financial Review first reported Tuesday (April 11). Founder and CEO Dany Milham informed staff that, unable to raise...
From Instacart’s increased valuation to Boxed’s bankruptcy filing, online grocery is seeing major changes. While players that attempt to drive adoption of their own digital grocery stores are struggling to make the economics of the model work, Instacart is benefitting from its status as a...
Around the world, grocers are reconceiving their grocery delivery businesses to better meet consumers’ needs. Kroger is slowing down its automated fulfillment center rollout but remains committed to opening more, as the grocery giant’s technology partner, British online grocery company Ocado, said Tuesday (March 28), Reuters reported....
April 26, 2022
Food Rocket, the San Francisco company that promises grocery delivery in the Bay Area within 15 minutes, has secured $25 million in Series A funding that it will use to expand the service in Chicago and other U.S. cities, reinforce its artificial intelligence software and add to its team. Alimentation Couche-Tard (ACT) led Food Rocket’s […]
March 25, 2022
This week in FinTech Ukraine, Amazon announces an employment support program for Ukrainian refugees, and Rakuten unveils a charity fund. Amazon Amazon.com has launched an employment support program for refugees...
March 21, 2022
Food Rocket, the San Francisco-based company that promises grocery delivery in the Bay area within 15 minutes, announced its customers can help Ukrainians by donating directly to a meals charity...
