Today, in food retail, Uber is partnering with Grocery Outlet to offer on-demand and scheduled delivery from dozens of grocers, while Albertsons is adding smart carts to more stores. Additionally, SpotOn’s valuation stands at $3.6 billion.
Uber joins race to expand grocery delivery to all income brackets
As businesses grapple with the barriers to eGrocery adoption, many are realizing that if they want to grow their customer base, they will need to cater to those who cannot afford the premium for digital convenience. Uber, for its part, is piloting on-demand and scheduled delivery with Grocery Outlet at 72 of the West Coast’s discount grocery stores.
Albertsons expands smart cart test as grocers aim to eliminate friction from self-checkouts
As online grocery adoption increases, brick-and-mortar grocers are challenged to bring the frictionless convenience consumers expect to their physical stores. Major grocery retailer Albertsons, for its part, is expanding its partnership with smart shopping cart creator Veeve, co-founded by Amazon veterans in 2018, to “a few dozen stores” across the United States.
SpotOn retail software nets $300 million for development
SpotOn, a software and payment company working with restaurants and retail, raised $300 million in a Series F funding round led by Dragoneer Investment Group. The company plans to use the funding to work on more technology products to help companies meet the “evolving needs” of the times.