Tag Archives: money

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Instacart, a Grocery-Delivery Startup, is Evaluated At A $2 Billion

Back in June, the company’s valuation was $400 million and it raised $44 million. So that’s a pretty big valuation leap. Founder and CEO Apoorva Mehta said the company planned to use the new funding for continued geographic growth, technology enhancements, and category expansion.

Instacart, launched about 3 years ago, operates in 15 cities and service 4,000 shoppers with groceries delivery.

Instacart is just one of several startups trying to tackle the speedy-delivery space, including New York-based WunWun, which delivers small orders of groceries and other goods without a delivery fee in under an hour, and Postmates, which does the same, but with a $5 delivery fee. It also competes with FreshDirect, which delivers groceries to the Northeast with a delivery fee of up to $7.99 for next-day service.

Big players like Google, with Shopping Express, and Amazon, with AmazonFresh, are also experimenting with same-day grocery delivery. Both can bring customers their goods same-day, but with longer delivery windows than those of Instacart, Postmates, or WunWun.

This fund-raise was reported by TechCrunch at the beginning of December 2014.

 

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Free WiFi Internet In Tel Aviv Israel

In the last few months the city of Tel Aviv Israel is undergoing a digital upgrade. It started with the launch of the city’s own mobile application, presenting with the city’s GIS system,   application development competition using the city’s open data centers and also online issuing residents of tel aviv with individual Digital Resident Smart Card.

On Sep 10th, 2013 the city hall announced the launch of its free wifi internet access, spreading all across the city at 60 locations, with total investment of 60M NIS (shekel, the Israeli currency).

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