OPERATIONS

New funding will allow grocery delivery service Instacart to expand to more markets

BY Marianne Wilson

New York — Instacart, the same-day grocery delivery service, has raised $44 million in a funding round led by Andreessen Horowitz.

The San Francisco startup currently operates in San Francisco, San Jose, Los Angeles and seven other U.S. cities. With its new funding, it Instacart expects to expand into 17 cities by the end of 2014.

"We’ve proven out our model in 10 cities across the U.S., and it works,” company founder and CEO Apoorva Mehta Mehta said in a press release. “Instacart’s customer base in every city is growing by double digits monthly, and we’ve developed a great playbook for geographic expansions. This funding will enable us to expand even more quickly and establish a wide, national footprint over the next 18 months.”

The new funding brings Instacart’s total to about $55 million since it was founded in 2012.

“As we think about the future of e-commerce, groceries are among the last huge untapped opportunities. While many have tried to crack the code, few have met with success,” said Jeff Jordan, partner at Andreessen Horowitz. "However, mobile is enabling a new way to tackle digital grocery distribution through an execution that I refer to as ‘People Marketplaces.’ This is Instacart’s approach, and we’re betting it will be the winning play. We are excited to partner with Apoorva and team as they seek to have software eat grocery delivery.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
OPERATIONS

Domino’s Pizza launching voice ordering for its iPhone, Android apps

BY Marianne Wilson

Ann Arbor, Mich. — Domino’s Pizza, in conjunction with Nuance Communications, is launching voice ordering for its iPhone and Android apps.

"There will be a day when typing on keyboards or with thumbs on mobile devices will come to a close; we want to be the ones who continue to advance the technology experience – hand-in-hand with our customers," said Patrick Doyle, Domino’s Pizza president and CEO. "Our mobile app users who are a part of this launch are truly helping set the foundation for the innovations of today, that will soon enough become the standards of tomorrow."

The platform, in partnership with Nuance, puts Domino’s at the forefront of an intuitive ordering method that is a true first within both traditional and e-commerce retail.

Domino’s new voice ordering platform is powered by Nuance’s Nina Mobile, an intelligent virtual assistant that leverages speech recognition, speech synthesis and natural language understanding technologies. Together, the platform delivers a human-like, conversational customer service experience that allows users to speak an order and quickly add items to their cart. The platform launches today in beta format, which will allow for additional enhancements as customers become familiar with the new ordering feature.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
OPERATIONS

Report: Wal-Mart opens website for Indian small retailers

BY Dan Berthiaume

New Delhi, India – Wal-Mart Stores In. has reportedly opened an e-commerce site to serve the small retailers that shop at its members-only cash-and-carry stores in India. According to Bloomberg, Wal-Mart is piloting the site for small retailers located in the cities of Hyderabad and Lucknow, with full rollout across India planned in January 2015.

Cash-and-carry stores in India only serve small retailers, who must have special tax documents to purchase goods at them. Regular consumers cannot shop at Indian cash-and-carry stores. Wal-Mart is aiming the site at retailers located more than 12 miles from the nearest cash-and-carry store, and seeks to have 10% of all cash-and-carry purchases executed online after full nationwide rollout.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...