The well-funded grocery delivery startup may be doing much better than expected.
“What exactly are they saying about us?”
The question from Apoorva Mehta, founder and CEO of Instacart, made sense. After all, I had recently returned from CES, the consumer electronics confab held annually in Las Vegas, where a number of tech execs had privately slammed the grocery delivery company, saying it could never turn profitable or justify its $2 billion valuation. In short, they felt it was the epitome of “peak unicorn.”
“They’re wrong,” Mehta responded. “Call me back in a month or two.”
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