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Maplebear Inc., doing business as Instacart (NASDAQ: CART), is a leading American grocery delivery and pick-up service headquartered in San Francisco. Instacart operates extensively across the United States and Canada, providing customers with a convenient way to shop for groceries online through its website and mobile app.
Instacart has revolutionized the grocery shopping experience by partnering with over 1,500 national, regional, and local retail banners to offer products from more than 85,000 stores across North America. The platform boasts nearly 8 million monthly active users, who benefit from Instacart's extensive network of approximately 600,000 independent contractors, known as shoppers, who pick and deliver orders directly to customer doorsteps.
Instacart's revenue model is diverse, encompassing service fees from orders, a robust advertising business, and premium memberships like Instacart+. The company has also significantly expanded its services to include SNAP (Supplemental Nutrition Assistance Program) benefits, making groceries accessible to more families across 14,000 stores and reaching 96% of SNAP households in the U.S.
Recently, Instacart has announced several strategic initiatives and partnerships. These include retail expansions with major grocery chains like Food City, Gordon Food Service, and Hy-Vee, as well as a public-private partnership with the U.S. Department of Health and Human Services to support food as medicine programs aimed at improving health outcomes through better nutrition.
Instacart continues to innovate with technologies like Caper Carts, AI-powered smart carts that streamline the shopping and checkout process, and Carrot Ads, which empower smaller retailers to grow their retail media networks. Furthermore, the company’s financial results for Q1 2024 have been promising, showcasing its ongoing growth and market leadership.
With its comprehensive suite of enterprise-grade technology products, including e-commerce solutions, advertising services, and health initiatives, Instacart remains at the forefront of transforming the grocery shopping experience. For more details, visit Instacart’s official website.
Instacart (NASDAQ: CART) announces that major grocers including Sprouts, Harmons, The Save Mart Companies, and Rosauers are upgrading to Instacart Storefront Pro, joining over 600 retail banners using their e-commerce solutions. The platform offers premium features including customizable storefront design, AI-powered recommendations, native inspirational tools, and access to Carrot Ads platform for retail media networks. Storefront Pro provides end-to-end control from discovery through weekly ad integration, personalized recommendations, seamless checkout with loyalty programs, and fulfillment services.
Instacart (NASDAQ: CART) and Party City have announced a new partnership enabling customers to shop from over 700 Party City stores nationwide through Instacart's platform for same-day delivery in as fast as an hour. The collaboration expands Instacart's party supply selection, offering decorations, seasonal tableware, balloons, party favors, and costumes. To celebrate the launch, customers can get $10 off their first Party City purchase of $50 or more using code PARTYTIME24 through December 26.
Instacart (NASDAQ: CART) and Foodsmart have released a white paper detailing the results of their two-year partnership, which has shown significant health improvements for members with obesity and diabetes. The program combines Foodsmart's telenutrition services with Instacart's medically-tailored grocery delivery, reaching over 98% of U.S. households.
Key findings from the study of 18,500+ members include:
- 52.9% of diabetic members saw a 0.5% reduction in HbA1c
- 47.1% of obese members achieved 5%+ weight loss after 21 months
- 8.6% improvement in nutrition scores for participants using both services
- Nearly doubled program engagement compared to telenutrition alone
The partnership aims to address poor nutrition, which is a leading driver of healthcare costs and chronic diseases in the U.S. The program provides a scalable solution for health plan members, offering education, support, and access to healthy foods.
Instacart (NASDAQ: CART) has announced it will report its third quarter 2024 financial results after market close on Tuesday, November 12, 2024. The company's Q3 2024 Shareholder Letter will be available on Instacart's Investor Relations website. Management will host a conference call to discuss the results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
A live webcast of the conference call will be accessible on the Investor Relations website, with a replay available after the call concludes. Instacart uses its Investor Relations website to disclose material nonpublic information and comply with Regulation FD disclosure obligations. Investors are advised to monitor this website, along with press releases, SEC filings, public conference calls, webcasts, and Instacart's blog for important updates.
Instacart (NASDAQ: CART) and Roku (NASDAQ: ROKU) have expanded their advertising partnership, introducing new shoppable formats and targeting capabilities for CPG advertisers. The collaboration aims to make TV moments shoppable for high-intent customers, offering:
1. Shoppable ads on Roku with direct purchase options via Instacart
2. Home Screen ad formats on Roku linking to Instacart purchases
3. Enhanced targeting using Instacart's first-party data
The partnership has shown strong results, with 52% of Roku streamers who purchased advertised products via Instacart being new-to-brand. This expansion builds on their initial 2023 collaboration, which focused on measuring TV ad impact on e-commerce purchases.
Instacart (Nasdaq: CART) has launched new Caper Cart capabilities, including gamified quests, location-based coupons, and aisle-aware advertising formats. These features aim to enhance the in-store shopping experience, offering personalized savings and rewards. The rollout involves partnerships with retailers like Schnucks and Wakefern Food Corp., and brands such as General Mills and PepsiCo.
Key features include:
- Gamified quests for interactive shopping experiences
- Location-based coupons alerting customers to nearby deals
- Aisle-aware ads for targeted brand promotions
Instacart's survey reveals 83% of consumers are receptive to using smart carts for savings and budgeting. The company plans to expand its Caper Cart footprint significantly in the coming months, aiming to transform grocery shopping from a chore to an enjoyable adventure.
Family Dollar, a subsidiary of Dollar Tree (NASDAQ: DLTR), has partnered with Instacart (NASDAQ: CART) to accept Supplemental Nutrition Assistance Program's Electronic Benefit Transfer (SNAP/EBT) payments for online orders. This collaboration extends Family Dollar's convenience by offering same-day delivery on SNAP-eligible items.
Customers can now use SNAP/EBT payments to purchase eligible items through Family Dollar's mobile app, storefront page, and the Instacart app and website. This expansion allows nearly 98% of SNAP households to shop for groceries and essentials on Instacart with fast, same-day delivery.
Family Dollar and Dollar Tree operate more than 16,300 stores across 48 states and five Canadian provinces as of August 3, 2024, under the brands Dollar Tree, Family Dollar, and Dollar Tree Canada.
9amHealth and Instacart (NASDAQ: CART) have partnered to integrate Instacart Health Fresh Funds stipends for nutritious food into 9amHealth's cardiometabolic care programs. This collaboration aims to address root causes of health issues like diabetes and obesity by expanding access to healthy foods. The partnership has shown early success, with a 161% increase in member enrollment and a 57% boost in engagement in programs offering grocery stipends through Instacart.
Key aspects of the partnership include:
- Providing members access to a team of specialists, including dietitians
- Curating meal plans based on individual health conditions
- Offering digital Fresh Funds stipends for purchasing prescribed foods from local grocers on Instacart
The initiative supports a preventive approach to health, potentially reducing the need for costly treatments like GLP-1 drugs. By combining nutritious foods, dietary guidance, and convenient delivery, the partnership aims to improve health outcomes and reduce overall care costs.
Thrive Market, an online grocer specializing in healthy and sustainable products, has partnered with Instacart (NASDAQ: CART) to launch a new retail media network. This collaboration leverages Instacart's Carrot Ads solution to enhance personalization for Thrive Market's 1.5 million members and create value for its brand partners.
The partnership will enable brands to target specific campaigns to Thrive Market's engaged audience, utilizing sponsored product and display advertising solutions. Advertisers will have access to self-service tools, optimized bidding options, and critical metrics such as attributed sales and return on ad spend (ROAS). The initiative aims to simplify product discovery for consumers while offering brands, especially emerging ones, a powerful platform to connect with health-conscious shoppers.
Instacart (NASDAQ: CART) has announced that CEO and Chair Fidji Simo will participate in a fireside chat at the Goldman Sachs Communacopia & Technology Conference on September 10, 2024 at 2:25 p.m. PT. An audio webcast will be available on Instacart's Investors Relations website.
Instacart, operating as Maplebear Inc., is North America's leading grocery technology company. It partners with over 1,500 retail banners, facilitating online shopping, delivery, and pickup services from more than 85,000 stores. The company serves millions of customers and provides income opportunities for approximately 600,000 Instacart shoppers.
The Instacart Platform offers retailers various technology products and services, including e-commerce solutions, order fulfillment, store digitization, advertising services, and data insights. Additionally, Instacart Health provides tools to improve nutrition security and health outcomes through food choices.
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