Instacart Needs to Ring Up Grocers in Store

Online grocery ordering platform Instacart wants to continue its pandemic run. To do that, it needs to physically move into more stores.

On Tuesday, Instacart said it was buying Caper AI, a maker of artificial-intelligence-powered shopping cart and checkout technology. The $350 million deal is Instacart’s largest, underscoring the central role in-store grocery shopping will continue to have in the industry, even despite the growth in online delivery platforms.