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Posted 9/18/2023, 6:06:00 PM

DoorDash Partners with More Grocers Ahead of Instacart IPO, Heating Up Grocery Delivery Competition

DoorDash expands grocery delivery partners
New partners added shortly before Instacart expected IPO
Increased competition in grocery delivery space
Potentially bad news for Instacart
Highlights growth of grocery delivery overall

barrons.com

Relevant topic timeline:

8/3/2023

DoorDash and Shopify Offer E-commerce Bright Spots

- DoorDash reported record-breaking numbers in terms of revenue, gross value of orders, and total orders in the second quarter. - The company's revenue increased by 33% to $2.13 billion compared to the same period last year. - DoorDash raised its full-year forecast for gross marketplace volume to a range of $64.2 billion to $65.2 billion. - CEO Tony Xu emphasized that online meal delivery still represents a small percentage of the overall restaurant business, indicating potential for further growth. - This positive performance contrasts with the slowdown experienced by other e-commerce companies after the initial surge in online shopping during the pandemic.

8/28/2023

DoorDash Introduces AI and Agent-Powered Voice Ordering Solution

DoorDash has developed voice ordering capabilities incorporating AI to support restaurant operations, allowing operators to increase sales, provide a personalized customer experience, and relieve in-store labor burdens.

9/18/2023

DoorDash Expands Grocery Delivery through New Partnerships with Regional Grocery Chains

DoorDash has announced multiple new grocery partners, including CUB, Eataly, El Super, Fiesta Mart, Lowe's Markets, Pruett's Food, Stater Bros. Markets, and Strack & Van Til, as part of its swift expansion in the grocery category, aiming to provide more opportunities for retailers of all sizes to reach consumers online.

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