Gopuff stocks its warehouses with items purchased from Instacart, spending tens of thousands per month on the service
Former Gopuff managers said some warehouses spend tens of thousands each month on the deliveries.During the pandemic, Instacart became an essential grocery delivery service. One of its most loyal customers has turned out to be another delivery service: Gopuff.
"[Managers] have Gopuff credit cards with $10,000 limits and they were maxing them out. Other managers would call me saying 'my credit card is maxed out too,'" one former manager told Insider. How Gopuff ended up getting addicted to Instacart speaks to one of its biggest challenges as it seeks to keep growing its business and potentially go public this year. The company pitches itself as a next-generation convenience store, and it's asking investors to value it at a premium to a standard brick and mortar grocer. Gopuff was valued at $15 billion during a funding round last year.
When that happens, Gopuff sends employees out to Walmarts and other grocery stores themselves to pick up the items.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Even Your Backup Grocery Store Is Struggling To Keep The Shelves Fully StockedConvenience store operators say the ongoing supply chain disruptions have also impacted their ability to adequately meet the fill-in needs of shoppers in some cities.
Read more »
7 Common Mistakes in Technical Analysis (TA) | Binance AcademyTechnical analysis can be tricky. No matter how good a trader you are, it's impossible to avoid errors. Here are some common mistakes to be aware of ⤵️
Read more »
Foreign Investment in U.S. Commercial Property Exceeds Pre-Pandemic LevelsForeign investment in U.S. commercial property surpassed pre-pandemic levels last year, as overseas investors piled back in after travel restrictions eased and the U.S. economy bounced back
Read more »
Why the U.S. Is Facing a Paint Shortage🖌️ Demand for raw materials in the paint industry soared over the COVID pandemic as quarantined consumers took to DIY projects and home improvement. But supply just couldn't keep up.
Read more »
Silver Price Analysis: XAG/USD bulls looking to seize control, await a move beyond $23.00Silver Price Analysis: XAG/USD bulls looking to seize control, await a move beyond $23.00 By HareshMenghani Silver Commodities Technical Analysis XAGUSD
Read more »
Hong Kong residents raid supermarket shelves as COVID surge disrupts suppliesHong Kong residents crowded supermarkets and neighbourhood fresh food markets on Monday to stock up on vegetables, noodles and other necessities after a record number of COVID-19 infections in the city and transport disruptions at the border with mainland China.
Read more »