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INSTACART CEO SAYS ONLINE GROCERY SHOPPING HAS ROOM TO GROW

When the pandemic hit the U.S. last year, grocery delivery company Instacart suddenly became a lifeline for millions of consumers. Sales volumes skyrocketed; in one month, the company added 300,000 drivers to keep up with its orders.

“We saw five years of growth packed into one year,” Instacart CEO Fidji Simo said.

Demand has waned this year but remains above pre-pandemic levels. San Francisco-based Instacart __ which is a private company __ expects to see double-digit transaction growth this year.

But the company __ which

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