Video & transcript: Apoorva Metha, founder & former CEO, Instacart
Apoorva Mehta on how Instacart survived it's biggest existential threat.
After taking a week off vacation, Apoorva got a call from Whole Foods CEO about Whole Food's acquisition by Amazon.
At that time WholeFoods was the largest partner of Instacart. And amazon their biggest rival buying... See more
Aishx.comJeff Bezos was scared.
In 1997, Barnes & Noble opened their online store.
Amazon had 125 employees.
B&N had 30,000.
Amazon had $60 million in sales
B&N had $3 billion.
Jeff:... See more
Brandon Arvanaghi 🐱x.comOver the next year, the Instacart team turned the company around. We went from losing $15 an order to making $3 an order. Without raising additional capital we built a cash buffer that was good for another year plus. We accomplished more in that 12-month period than I ever thought possible.
rkg.blog • demanding.php
The grocery value chain is highly fragmented and new players operate on a variety of segments: restaurant delivery (Deliveroo), multi-product delivery (Glovo), grocery personal shopper (Instacart), and instant delivery shopping (GoPuff or Gorillas). Such actors can be both competitors and partners for traditional retailers. Faced with such... See more
Alexandre Dewez • 🥕 Key Learnings From our Webinar on Grocery
If ultrafast delivery services flame out, it will most likely be because despite their popularity and value proposition, they cannot make the unit economics sustainable. What will happen instead is that existing players in grocery will leverage their existing infrastructure of stores and warehouses or acquiring an ultrafast player at a discount to... See more