May 16, 2022: -Grocery delivery platform Instacart said late Wednesday it had filed a draft registration statement with the U.S. Securities and Exchange Commission (SEC), which paves the way for the firm to list its shares.
The grocery delivery company was valued at $39 billion in March 2021, when it raised $265 million. It made Instacart the most valuable venture-backed company in the U.S.
However, in March, it slashed its valuation by almost 40% to about $24 billion to reflect this year’s sell-off in technology stocks.
This development is at a volatile time for tech stocks in the U.S. this year, with the Nasdaq tumbling almost 30% from last November’s high.
For Instacart, the previous few years have been a roller-coaster. Faced with a challenging business model heading into 2020, the company significantly boosted the Covid-19 pandemic as many consumers cut trips to the supermarket and turned to online grocery orders.
But twin concerns of accelerating inflation and projections for higher interest rates sent risky assets into a tailspin starting in November.
However, Instacart has said its business outlook remained strong.
The company is trying to expand beyond its core marketplace, which announced a software suite to sell to supermarkets and a fulfillment service called Carrot Warehouses, intending to help grocers offer 15-minute delivery.
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Systems thinking is an approach that focuses on understanding how different parts of a system interact and influence one another within a whole. It is a holistic framework considering interrelationships and patterns rather than static snapshots. By expanding perspectives, systems thinking clarifies complex situations and can spur innovation.
A definite ‘NO’ to the question if struggling families had child care asked by a group of committed volunteers in the San Fernando Valley in 1974, urged the volunteers to look for a way to support families struggling to find quality child care, development, and education services for their families. That year, the San Fernando Valley Child Care Consortium and the Mayor’s Child Care and Junior Task Force proposed the first child care resource center in the San Fernando Valley. Doris McLain was elected chairperson as Mayor Bradley accepted the proposal and gave the newly founded Child Care Resource Center (CCRC) space in Van Nuys City Hall Center. CCRC began 45 years to help working moms find child care.
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