Inside Instacart’s frenzied summer of unsuccessful dealmaking with Uber and DoorDash

Mike Kane/Bloomberg via Getty Images Instacart’s former CEO Apoorva Mehta suggested DoorDash acquire Instacart, source tells Insider. Incoming Instacart CEO Fidji Simo also got involved in DoorDash deal talks. DoorDash passed on the deal. Uber also passed on an app integration with Instacart. In early summer, Instacart’s co-founder and then CEO Apoorva Mehta reached out to …

Walmart To Compete With Uber & DoorDash, Will Launch Delivery Service For Other Businesses

Walmart is commercializing its delivery service, using contract workers, autonomous vehicles and even drones to deliver other retailers’ products directly to customers’ homes. The Arkansas-based retailer launched delivery and Express delivery for its shoppers three years ago on more than 160,000 items from more than 3,000 stores. The nation’s largest retailer aims to tap into …

DoorDash Talks to Invest in Grocery Startup Gorillas Ends

DoorDash Inc., the largest food delivery company in the U.S., has ended talks to invest in Gorillas Technologies GmbH after disagreements with the German delivery startup over expansion plans, according to a person familiar with the matter. The San Francisco-based company was discussing investing $400 million in a deal that would have valued the startup at $2.5 …

Deal Of The Day: Why DoorDash Buying Instacart Would Create A Powerhouse

The fast-moving grocery delivery business got a new shock on Wednesday when The Information reported that DoorDash has held talks in recent months about exploring a possible acquisition of Instacart in a deal that would be valued between $40 billion and $50 billion. According to one analyst, the move makes sense and would create a powerful combination. …

DoorDash Just Upped The Ante On The Quick Delivery War

As if the war for quick delivery supremacy was not hot and heavy enough already, DoorDash just turned up the dial to an eleven. Last Thursday DoorDash announced the rollout of DoubleDash, a new feature that, according to a recent company blog post, allows customers to “add your favorite items from nearby stores to your original …

Let’s Unpack the Possible DoorDash + Gorillas Deal

Last week the Financial Times reported that third-party delivery giant DoorDash was in talks to buy a stake in German speedy grocery delivery startup Gorillas. While there weren’t a ton of details, such as how big any such stake would be, a follow-up story from Axios said the deal could give DoorDash the option to acquire a controlling interest …

Gorillas in talks to take DoorDash investment at a $2.5bn valuation

10-minute grocery startup Gorillas is in talks to raise a new funding round led by US’s largest food delivery company DoorDash at a valuation far below what it had hoped earlier this year.  Two sources told Sifted that the Berlin-based startup was expecting to raise at a $2.5bn valuation, which is far below the $6bn …

With DoubleDash, DoorDash users can tack on multiple orders without additional fees

During the thick of the pandemic last year, online food delivery company DoorDash expanded its offerings to include convenience store delivery. Now, DoorDash customers in the U.S. and Canada can shop across multiple stores and categories in a single order. With DoubleDash, as the program is called, customers can now tack onto their order of a pad …

DoorDash in talks to invest in German grocery app Gorillas

Gorillas has already raised over $ 300 million from investors such as Tencent, DST Global and Coatue Management, reaching a valuation of $ 1 billion in its latest round in March. Some of those existing investors may participate in new rounds. Spokespersons from both DoorDash and Gorillas declined to comment. According to Edison Trends, DoorDash …

Raley’s grocery delivery to receive boost from FoodJets acquisition

FoodJets, a locally headquartered food delivery company, sold some of its assets to Apium Logistics LLC this week — a deal expected to benefit Raley’s grocery delivery service. Apium Logistics LLC is a newly formed logistics company focused on grocery supply chain capabilities. The Teel family, which owns Raley’s, are investors in Apium. The privately …