Business puts technology at its heart but industry is flooded with competitors
Thursday 19 May 2022 Author: Steven Frazer
San Francisco-based Instacart has submitted draft plans to list its shares on Wall Street. While the company has not given an explicit timeline, some analysts believe it could happen before the end of 2022. Instacart, which runs a grocery delivery platform, saw growth explode during the pandemic and optimists see the business becoming the Amazon (AMZN:NASDAQ) of the grocery deliveries market. Revenues have jumped from $735 million in 2019...