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I thought so too. However, the valuation of Instacart is now in the range of Whole Foods $3.4B vs $9.3B Expect to see much rougher competition from Whole Foods
by ironchief 10y ago
I thought so too. However, the valuation of Instacart is now in the range of Whole Foods $3.4B vs $9.3B
Expect to see much rougher competition from Whole Foods. They have quietly already started this with their coupon app[1] (the wedge) and pickup (powered by instacart)[2]
[1]https://www.theguardian.com/business/2016/feb/10/whole-foods-introduces-digital-coupons-app-shoppering https://www.theguardian.com/business/2016/feb/10/whole-foods...
[2]https://pickup.wholefoodsmarket.com/ https://pickup.wholefoodsmarket.com/
- marrone12 10y agoThe valuation doesn't necessitate what they may ever sell at. It'd be very easy for whole foods to acquire instacart after their hypothetical exit never happens and their valuation tanks.