shopping

Instacart valuation jumps to $17.7 billion

Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic.

In June, Instacart raised $225 million, and the company was valued at $13.8 billion in that round. This latest round is led by existing investors Valiant Peregrine Fund and D1 Capital.

The grocery delivery company, which has been branching out to deliver non-grocery goods as well, has signed up big names like Walmart, beauty product retailer Sephora and convenience store 7-Eleven in the United States since its last round of financing.

Instacart’s order volumes have surged as much as 500 percent year on year during the pandemic in North America as consumers, hesitant to travel to supermarkets amid the health crisis, take to their phones to get groceries, alcohol and prescription drugs delivered to their doorsteps.

To

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shopping

Instacart announces Senior Support Service to help older customers do their grocery shopping online

Seniors are getting a little help with their online supermarket sweeps.

Grocery delivery service Instacart announced Wednesday its new Senior Support Service hotline aimed at helping customers over the age of 60 order food more seamlessly — and safely — online during the pandemic. 

Instacart launched a program to make it easier for seniors to shop online. (iStock).

Grandparent-aged consumers can call up Instacart’s Senior Support service number (1-844-981-3433) daily between 8 a.m. and 11 p.m. to get help onboarding their digital grocery store cart. Instacart says the company has recruited more than 60,000 seniors to order grocery delivery in the past month, showing that demand continues to climb during the pandemic.

INSTACART ADDDS 7-11 AS GROCERY STORE PARTNER 

Instacart’s Senior Support

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