The pause comes as the company’s new CEO Fidji Simo, who came from Facebook’s executive ranks and took over for University of Waterloo alumnus Apoorva Mehta, focuses on strengthening Instacart’s services for grocers beyond delivery, a source said. (The Information)

Talking point: Instacart initially planned to go public in early 2021, but later said it wanted to wait until the fourth quarter. The company, valued at nearly US$40 billion, saw its third-quarter revenue grow 20 per cent year over year, according to the source. Its full-year revenue is expected to increase at least 10 per cent to US$1.65 billion or more. It’s also generated free cash flow for several quarters, but will most likely rely on those funds for marketing and possible acquisitions, among other growth strategies. The focus on growth matters in an increasingly competitive market filled with companies like DoorDash and Uber Eats, as well as a new crop of rapid-delivery startups such as Jokr that typically promise grocery delivery in well under an hour.