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Walmart & Instacart Partner For Grocery Delivery In Los Angeles, San Francisco, San Diego, and Tulsa

By John F. Heerdink, Jr.

As per reports, Walmart (WMT) grocery shopping can now be done via Instacart app in some U.S. cities offering same-day delivery, as Instacart starts its pilot delivery program in Los Angeles, San Francisco, San Diego, and Tulsa with Walmart. 

In June, the company had raised 225 million in a new funding round, valuing it at $13.7 billion. The partnership is an advantage for Instacart as it moves closer to a likely initial public offering to meet booming grocery delivery demand driven by the COVID-19 pandemic. Instacart to also deliver alcohol and electronic items from Walmart in the U.S. locations.

Walmart Stores, Inc. (WMT) is a worldwide retailer that operates in various formats. The three segments of the company include Walmart U.S., Walmart International, and Sam’s Club. The company is comprised of discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, apparel stores, drug stores, convenience stores, and membership-only warehouse clubs; and retail Websites. To learn more about Walmart (WMT) and to continue to track its progress please visit the Vista Partners Walmart Coverage Page

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Instacart starts Walmart delivery pilot in some U.S. cities in Reuters)


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