Instacart Doubles Down on Technology Solutions With Local Grocery Startup Deal

  • Instacart is acquiring Rosie, an e-commerce platform for local and independent retailers and wholesalers. The financial terms of the deal were not disclosed.
  • Instacart operates a grocery delivery and pick-up service in the U.S. and Canada. 
  • Founded in 2013, Rosie offers independent grocers branded e-commerce websites and mobile app capabilities that power order flow, fulfillment, and customer insights. 
  • The company’s product features include shoppable weekly ads, rewards program integrations, third-party fulfillment logistics integrations, payment processing, and more. 
  • Instacart says the acquisition will allow it to introduce new e-commerce solutions for local and independent retailers that complement its Instacart Platform e-commerce offerings.
  • Last week, Instacart announced that it’s acquiring Eversight, an AI-powered pricing and promotions platform for consumer packaged goods brands and retailers, for an undisclosed amount. 
  • Last October, Instacart acquired Caper AI, a startup that builds smart cart and cashier-less checkout technology that uses computer vision and other techniques to detect items and ring them up for shoppers, for around $350 million.
Loading...
Loading...
GRAB Logo
GRABGrab Holdings Ltd
$4.67-2.71%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
74.21
Growth
Not Available
Quality
Not Available
Value
6.88
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Comments
Loading...