Anything For You All: Instacart and DoorDash reach sky-high valuations

Sabtu, 20 Juni 2020

Instacart and DoorDash reach sky-high valuations

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June 20, 2020

Instacart and DoorDash raise funds as the pandemic highlights their value.

Instacart and DoorDash are both reportedly in the process of raising funds, capitalizing on their sudden importance as the pandemic has limited consumers' ability to visit grocery stores and restaurants.

Instacart is raising $225 million, boosting its valuation from $8 billion in 2018 to $13.7 billion, and DoorDash is close to raising funds at a $15 billion valuation.

Both firms are gaining these new valuations at a time when they have new importance to merchants and consumers – but as the pandemic fades and businesses reopen, Instacart and DoorDash need to convince consumers to keep shopping with them and become profitable to find long-term success.

Business Insider Intelligence's Daniel Keyes has the full story.

BRIEFING HIGHLIGHTS

Facebook drops censorship tools for Workplace

Facebook drops plans to introduce censorship tools for Workplace that, speaking to the social limitations that will hamper remote work adoption.

Waymo, Uber, and other AV companies join data-sharing program

The US federal government's AV TEST Initiative will allow self-driving tech companies to share high-level, on-road test data.

Akili's EndeavorRx, its video game treatment for ADHD, cleared by FDA

Akili Interactive received FDA clearance to offer its video game-based therapy, dubbed EndeavorRx, as a prescription treatment for pediatric ADHD.

Only 3 states have agreed to adopt Apple-Google contact tracing tech

Apple and Google's contact tracing initiative has only been adopted by 3 states – Alabama, South Carolina, and North Dakota – since its rollout.

Apple Pay is facing an antitrust investigation by The European Commission

Apple Pay faces an antitrust investigation by The European Commission that could ultimately force the firm to open access to its NFC chip.

Barclays is debuting a toolkit to help UK SMBs recover from the fallout of the pandemic

Barclays' new Back to Business toolkit aims to help UK small businesses recover from the fallout of the coronavirus pandemic.

Spotify launches first voice-activated ad as smart speakers see increased usage

Spotify launched its first voice-activated ad campaign to ad-supported users in the UK this week with cosmetic brand Nars.

FCC doles out $100 million to enhance telehealth services

The FCC allocated $100 million in funding to over 300 healthcare providers to boost telehealth infrastructure as coronavirus outbreaks continue.

Fitbit's health-tracking platform could facilitate return to work

Fitbit launched Ready for Work, an enterprise health-tracking platform that monitors employee health, to facilitate a safe return to offices.

Credit Sesame has acquired challenger bank Stack

Credit Sesame's acquisition of Stack will fuel its ambitions for international expansion and broaden its banking product suite.

RESEARCH IN FOCUS

The Internet of Medical Things

In this brand new report, Business Insider Intelligence assesses the North American Internet of Medical Things (IoMT) market and explores how the IoMT opportunity for connectivity providers is evolving alongside the coronavirus pandemic, and how these players are carving out their place in the growing segment.

Get the full report →

The Online Grocery Report

The coronavirus pandemic has brought online grocery — a promising but formerly niche industry — to the fore. This report looks back at how online grocery adoption was progressing prior to the coronavirus pandemic to understand the state of the industry before the shopping method became vital to many consumers.

Get the full report →

The State of Virtual Care in the US

In this report, Business Insider Intelligence explains how the coronavirus pandemic has fast-tracked the implementation and use of virtual care channels in the US.

Get the full report →