openPR Logo
Press release

Grand Hill Trading Group - Instacart

ABOUT OUR COMPANY
Grand Hill Trading Group Limited in Hong Kong is expecting to start off the New Year 2021 with a Bang as Instacart prepares for their soon to be IPO Launch.

• Instacart has picked Goldman Sachs to lead its initial public offering.
• The deal could value the U.S. grocery delivery app at around $30 billion.
• Instacart’s business has boomed during the COVID-19 pandemic.
• Instacart has picked Goldman Sachs Group to lead its initial public offering (IPO), which could value the U.S. grocery delivery app at around $30 billion.

Brian Fung at Grand Hill Trading Group said;
“Instacart was valued at $17.7 billion then they soon saw rapid growth of its business as more consumers turn to them to shop for groceries during the COVID-19 pandemic.”

The San Francisco-based company is accelerating its IPO plans after voters in California upheld the status of app-based delivery drivers as independent contractors. This was a boost for the likes of Instacart and Uber which rely on people to work independently and not as employees.

The sources requested anonymity because the IPO preparations are confidential. Instacart and Goldman Sachs declined to comment.

Instacart has been expanding its delivery business to non-grocery goods, serving customers of major stores such as Walmart, beauty product retailer Sephora and convenience store 7-Eleven.

“With the continuing drama of Covid-19, we see this as one way of planning for the future. We are also looking at other Financial Vehicles that are maintaining strength during these trying times. We at Grand Hill Trading Group always look for that silver lining to keep our clients above the water, so to speak.” Said Mr. Fung.

GRAND HILL TRADING GROUP LIMITED
One Island East, 18 Westlands Road,
Quarry Bay, Hong Kong
+852 8171 3390
admin@grandhilltradinggroup.com
Mr. Brian Walker

founded in 2011, Grand Hill has a history of applying academic research to practical investing. We offer a full range of financial investments designed to target higher returns

Grand Hill Trading Group investing is about implementing the great ideas in finance for our clients. For more than 9 years, Grand hill has been putting financial science to work for investors by translating compelling research into real-world investment solutions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Grand Hill Trading Group - Instacart here

News-ID: 2224370 • Views: 767

More Releases for Instacart

Get Quickly Branded in Grocery Delivery Industry With the Well-Crafted Instacart …
The digital age brings many enchantments to people in their regular day-to-day lives. As technology development is getting peak in the global market, getting the remedies for the doorstep grocery delivery issues is easy. In many cases, mainly after the new normal scenario, going to the market and buying groceries is considered a risky task ever, so the issues on purchasing groceries are settled through the app-based delivery services in
USA Grocery Delivery Software Market Growth Analysis By Top 5 Leading Manufactur …
WMR has Published a new report "USA Grocery Delivery Software Market" with Forecast to 2026. USA Grocery Delivery Software Market research report provides key analysis on the market status of the USA Grocery Delivery Software manufacturers with market size, growth, share, trends as well as industry cost structure. The market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific
B2B Marketplace Platform Market to Witness Huge Growth by 2020-2026 | LivingSoci …
Global B2B Marketplace Platform Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the Global B2B Marketplace Platform Market. Some of the key players
Grocery Delivery App Market to Witness an Outstanding Growth During 2020 | Shipt …
Grocery Delivery App Market research report provides an actual industry viewpoint, future trends and dynamics for market growth rate, market size, trading and key players of the industry with forecast period of 2027. It provides a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market shares, size, and new innovations. According to researchers, demand for the global market will expand to a noticeable CAGR
Global Online Assessment Software Market Insights and Forecast 2019-2025 | Insta …
Online Assessment Software market report provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Furthermore, the study encompasses various market-specific growth opportunities in Online Assessment Software market. The Online Assessment Software market report focuses on global major leading industry players with information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials, equipment
Global Trends in Online Hyperlocal Services Market 2017-2021 | Delivery Hero, Ha …
Online hyperlocal services are considered services provided to the consumers through apps or web portals. Consumers can access the apps or web portals with a click of their fingertip. The service providers connect with the local and nearest restaurants (full service restaurants (FSRs) and quick service restaurants (QSRs)) for food delivery, retailers (including hypermarkets, supermarkets, and convenience stores) for grocery delivery, cab and truck drivers for transportation and logistics services,