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Grocery Round-Up: Instacart’s Big Valuation Jump, Kroger’s Ghost Kitchens And Grocery Deals Come To Prime Day

PYMNTS

Instacart saw its valuation double to just over $17 billion, Kroger made its move on the prepared food market, Amazon brought its grocery business into the Prime Day fold while Whole Foods reports struggling to keep up with the post-pandemic boom town in grocery sales. Instacart is now valued at $17.7 Kroger’s Ghost Kitchens.

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

billion, on an 82 percent increase in retail sales. The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. New Markets. Ontario (L.A.),

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How GM’s Maven Is Driving Unattended Urban Mobility

PYMNTS

Could unattended retail be the solution? In anticipation of a new glut of residents, some urban communities are encouraging alternatives to vehicle ownership, such as car-sharing services. Even automakers like Ford and Toyota are now testing the car sharing market, as vehicle ownership patterns change. The Shared Road Ahead.

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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

But a few common threads do emerge, such as an inability to generate sustainable revenue, bad product-market fit, losing to competitors, and (of course) simply running out of money. ” via Indianapolis Business Journal. Meanwhile, it floated other plans, like starting a print catalogue and delivering for local retailers.

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