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Instacart has acquired Colombia-based grocery tech firm Instaleap, the company announced on Tuesday. The financial terms of the deal were not disclosed. Founded in 2019, Instaleap is a global fulfillment solutions platform that helps retailers streamline and scale their online operations. The company has clients across nearly 30 countries in Latin America, Europe, and the…
Instacart will pay $60 million in refunds to settle allegations by the U.S. Federal Trade Commission that it deceived consumers with false advertising. The federal agency alleged Instacart misled consumers with unlawful tactics, causing them to pay higher fees while also denying refunds. The Federal Trade Commission (FTC) stated Instacart’s “free delivery” claims are misleading…
Welcome back to Week in Review! We’ve got lots of news for you this week: There were CEO shake-ups at Instacart and 11x; the web series is back — kind of; Threads is getting video ads; and much more. Let’s get to it! Big move: Instacart CEO Fidji Simo will become OpenAI’s CEO for Applications,…
Social media startup Fizz is suing grocery delivery giant Instacart and party planning app Partiful for trademark infringement, the company announced on Thursday. Earlier this week, Instacart launched a new drinks and snack delivery app for parties called Fizz and announced that Partiful had integrated Fizz directly into its platform. Founded in 2020, Fizz is a…
Instacart CEO Fidji Simo is joining OpenAI as CEO of Applications, the ChatGPT maker said on Thursday. Simo, already a board member at OpenAI, will transition out of Instacart over the next few months and join the AI company full-time later this year. OpenAI CEO Sam Altman said he would continue in his role, overseeing…
Grocery-delivery giant Instacart announced Thursday the acquisition of Wynshop, a provider of cloud-based e-commerce solutions for grocers. The deal will help Instacart improve its enterprise solutions, enabling retailers to enhance their online experiences. The company didn’t disclose deal terms. Wynshop launched its platform in 2020 and provides online storefronts for grocers, working with clients such…
People often use multiple apps for notes, schedule management, and to-dos. But why not combine them all in one app? That’s the ethos behind Hero, an all-in-one productivity app with an AI assistant (of course!). The iOS app was developed by former Meta employees Brad Kowalk and Seung W. Lee. Both met while working on…
“Instacart slows hiring across the company amid tech downturn” Instacart told employees Thursday that it’s slowing hiring across the entire company as the grocery delivery giant looks to weather an increasingly brutal tech downturn, The Post has learned. The news comes two months after Instacart slashed its valuation from $39 billion to $24 billion and…
“#Instacart taps Facebook app head as CEO ahead of expected IPO” Instacart named Facebook app head Fidji Simo as its chief executive officer on Thursday, adding big tech expertise ahead of an expected stock market listing by the grocery-delivery firm. French-born Simo will replace co-founder Apoorva Mehta, who will take on the role of executive chairman…