• Reuters reports that " 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 estimated 50% in 2021."
• Schnuck Markets said this week that it is launching a new initiative, offering prepared foods via the DoorDash mobile app and delivered by DoorDash from five St. Louis-area Schnuck stores.
“To complement our Schnucks Delivers partnership with Instacart, we’re also proud to bring our customers their favorite Schnucks prepared foods items via DoorDash,” said Schnucks Vice President of Deli and Prepared Foods Geoff Wexler in a prepared statement. “Through this new partnership, our customers can enjoy a delicious lunch or dinner from Schnucks without ever having to leave their home or business.”