How the pandemic made Instacart “essential” ...Middle East

Quartz - Economy
How the pandemic made Instacart “essential”
source : Quartz ( Middle East ) () 8
If you’ve been inside a grocery store recently, perhaps you noticed a number of people pushing around jam-packed carts while scrolling furiously through their phones. The pandemic is powering growth for grocery-delivery startup Instacart, and many of those shoppers are handpicking groceries for the app rather than their own households.After reportedly losing $300 million last year, San Francisco-based Instacart turned a profit for the first time in April. In October, a report from investment bank Cowen found that Instacart is the third most popular online US grocery destination, after Walmart and Amazon. The company is expected to go public as early as 2021, at a possible valuation of $30 bi

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