News

Grocery Delivery

Kimberly Redmond | Equities.com |

Amazon.com Inc’s (Nasdaq: AMZN) Prime customers in over 5,000 cities and towns across the US will now be able to have groceries delivered inside their garage.

On Tuesday, the e-commerce giant announced it is expanding its Key by Amazon garage grocery delivery service, which originally launched last November as a pilot program in Chicago, Dallas, Los Angeles, San Francisco and Seattle.


AP News | Equities.com |

Chinese food delivery giant Meituan raised nearly $10 billion in a sale of convertible bonds and additional shares and plans to invest those funds in developing and expanding delivery technologies.

The Beijing-based firm, China’s largest food delivery platform, said in a filing to the Hong Kong stock exchange that it sold 187 million additional shares in a top-up placement at 273.80 Hong Kong dollars each, raising about $6.6 billion.


Reuters | Equities.com |

Instacart has more than doubled its valuation in less than six months to $39 billion with a $265 million fundraising round from existing investors, as the grocery delivery company benefits from a surge in online orders during the COVID-19 pandemic.

The San Francisco start-up, whose transaction volumes surged sixfold last year as doorstep delivery boomed during lockdowns, said on Tuesday it plans to use part of the new funds to increase its corporate headcount by an...


Reuters | Equities.com |

Walmart Inc said on Tuesday it would test doorstep delivery of grocery items in temperature-controlled containers made by HomeValet, as the world’s biggest retailer looks to meet a pandemic-fueled surge in online shopping.

The U.S. retail chain and several of its peers have been doubling down on their online business as curbside pickup and contactless delivery gained favor while people were stuck at home during COVID-19 lockdowns.

Walmart also said participating customers in Bentonville, Arkansas, its headquarters, would be able to receive deliveries from their local Walmart stores directly into a smart cooler placed outside their home.


AP News | Equities.com |

Shoppers on Walmart.com who pay a $98-a-year membership fee will get free shipping on orders of any size starting Friday.

Walmart announced the membership perk on Wednesday, doing away with a previous requirement that orders amount to at least $35 to qualify for free shipping.

The perk comes two months after Walmart launched its membership service called Walmart+, which it hopes will compete with Amazon’s Prime membership program.