News Summary

• Instacart has acquired Colombia-based grocery tech firm Instaleap.
• Financial terms of the deal were not disclosed.
• While Instacart is mostly known for grocery delivery, it’s been investing in retail technology and fulfillment services over the past several years.
• Its commerce platform, Storefront Pro, powers the e-commerce operations of more than 380 grocers, including Aldi, Costco, Publix, and Sprouts.
• Additionally, its Carrot Ads offering allows more than 310 retailers to build and scale their online and in-store advertising business.