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Thursday, May 26, 2022

Express delivery service: Instacart plans a 15-minute service

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Instacart said a number of retailers, including Aldi, would use the services.

Good Morning! While you slept, work continued elsewhere on the digital scene.

The main topics:

instacart is planning a 15-minute delivery service for grocery retailers starting next month. For the initiative, the San Francisco company would operate its own network of warehouses that supermarket chains could use to stock products for quick delivery to nearby homes. The move comes in response to pressure from instant delivery competitors like get or door board. These services operate warehouses from which couriers can deliver groceries and convenience items in 15 minutes or less. This is faster than Instacart’s typical multi-hour delivery window.

Instacart’s business has slowed dramatically since pandemic restrictions eased last year. According to Pitchbook data, Instacart has raised more than $2.7 billion in venture capital funding. In the last round of March 2021, the company was valued at 39,000 million dollars. [Mehr bei Financial Times und The Information]

In Gründerszene you read today: Germany really wanted to say goodbye to nuclear power. The founders of nuclear start-ups support the exit of nuclear energy dual fluid and Transmutex for nonsense Like Bill Gates, they want to build their own nuclear reactors. [Mehr bei Gründerszene+]

And here are the other headlines of the night:

Video game retailer stock stop the game have risen by more than 50 percent in recent trading days. Gamestop was up 30 percent on Tuesday. On Wednesday, the paper was up another ten percent in early trading hours. Gamestop chairman and investor Ryan Cohen bought 100,000 shares of the video game retailer on Wednesday, increasing his stake to 11.9 percent. [Mehr bei Handelsblatt und Bloomberg]

Google has a multi-year contract with Spotify which allows Spotify users to pay for their subscriptions through an alternative billing system to Google. The Spotify deal is the first partnership in Google’s larger pilot program with other developers. The program marks an important milestone for app developers, who have long argued that app store fees are too high and therefore anti-competitive. [Mehr bei Axios, The Information und CNBC]

Acquisitions: Apple has the British fintech startup credit congratulations accepted. According to experts, the deal was closed earlier this week. Credit Kudos was valued at around $150 million. Based in London, Credit Kudos develops software that uses consumers’ bank details to run credit checks on loan applications. astrazeneca has entered the UK-based medical technology start-up smoke invested. According to insiders, the British pharmaceutical giant has invested around US$33 million in Huma. Huma was founded in 2011 as Medopad and has so far raised more than $200 million in venture capital from investors including Bayer, Samsung and Sony. [Mehr bei CNBC und CNBC]

Investments: RapidAPI, which makes end-to-end development tools to help developers build transformative software using APIs, has raised $150 million in a funding round. The Series D round was led by Softbank’s Vision Fund 2, which raised the valuation of the San Francisco company to $1 billion. Iceland, a Dallas-based startup, has raised $115 million in a Series B round. The company is valued at $1.3 billion. The capital raise was spearheaded by former lead investor Insight Partners. Iceland was founded in 2020 and has developed a security-oriented browser. [Mehr bei Techcrunch und Techcrunch]

the POT has announced plans to develop a second human lunar lander for its Artemis program. The space agency is asking commercial space companies to come up with concepts that can take humans to and from lunar orbit and the lunar surface. The goal is to complete the spacecraft in 2026 or 2027. Currently, both NASA and SpaceX are working to make the first Artemis moon landing as early as 2025, though that timeline is considered unlikely. [Mehr bei Bloomberg, Techcrunch und The Verge]

Our reading advice on Gründerszene: Luca Bocchio turned companies like Trade Republic or Sender into unicorns. Accel’s partner tells you what to invest in next. [Mehr bei Gründerszene]

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Good Thursday!

Your editors Gründerszene

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