Retail News

DoorDash to buy Instacart for $17B

Reported by Retail Dive, Catherine Douglas Moran on Oct 29, 11:51 AM ET

The deal marks the consolidation of two major players in the retail delivery industry. In announcing their plans to combine, DoorDash and Instacart said that the acquisition would help their retailer partners, both large and small, better reach customers with innovative technology. DoorDash said it expects to retain Instacart’s brand, enterprise technology products and app. Until the transaction closes, the companies will continue to operate separately. Founded in 2013, DoorDash initially grew its business as a restaurant delivery provider and expanded into grocery and nonfood delivery in recent years.

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More Retail News

Fanatics revamps outfit curation tool with OpenAI

Most consumers aren’t using AI for product discovery, yet

Heydude wants to sell more in North America, but is unlikely to open new stores

FTC orders Target, Walmart to provide details in personalized pricing inquiry

The Backroom: Dynamic pricing and the anxious consumer

Consumer confidence edges up on decline in gas prices: Conference Board