Latest news with #ApoorvaMehta
Yahoo
4 days ago
- Business
- Yahoo
Maplebear Inc. (CART): A Bull Case Theory
We came across a bullish thesis on Maplebear Inc. (CART) on Chit Chat Stocks' Substack. In this article, we will summarize the bulls' thesis on CART. Maplebear Inc. (CART)'s share was trading at $47.02 as of 28th May. CART's trailing and forward P/E were 30.95 and 19.12 respectively according to Yahoo Finance. A delivery truck filled with grocery items heading to a local school. Instacart (CART) has emerged as the dominant third-party grocery delivery platform in the U.S., controlling over 70% market share among independent providers. Founded by Apoorva Mehta in 2012, the company scaled quickly by leveraging a 'ninja shopping' model—using independent shoppers to buy items in-store without grocer partnerships—and building a unique centralized SKU database. Instacart now reaches 98% of U.S. households, with approximately 8 million customers and 600,000 shoppers. The company monetizes through service and delivery fees, tips, and increasingly, advertising. Since 2021, advertising has grown rapidly and now contributes nearly $1 billion of Instacart's $3.5 billion in revenue, complementing the 6.5–7.5% take rate it earns on $34 billion in annual gross transaction volume. Ads appear across browsing, search, and post-order experiences, targeting CPG brands. Instacart boasts 75% gross margins and 24% free cash flow margins, supported by asset-light operations. Competitive concerns over Uber and DoorDash appear overstated due to Instacart's superior shopper quality and customer loyalty, particularly for large, complex grocery orders. While grocers like Walmart may pursue in-house delivery, most rely on Instacart for not only delivery but also e-commerce tools, inventory management, and white-label storefronts. CEO Fidji Simo, a former Facebook executive instrumental in its ads business, has driven growth but is departing for OpenAI. Instacart has bought back $2.2 billion in stock over two years, reducing its share count by 6%. While it lacks an impenetrable moat, Instacart occupies a sticky and underestimated strategic position in the evolving grocery and retail media ecosystem. For a comprehensive analysis of another standout stock covered by the same author, we recommend reading our summary of his bullish thesis on Airbnb, Inc. (ABNB). Since our coverage, the stock is up 1.6% as of 28th May. Maplebear Inc. (CART) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 64 hedge fund portfolios held CART at the end of the first quarter which was 60 in the previous quarter. While we acknowledge the risk and potential of CART as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than CART but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Melden Sie sich an, um Ihr Portfolio aufzurufen.
The Hindu
20-05-2025
- Entertainment
- The Hindu
Cannes 2025: Janhvi Kapoor joins Karan Johar, and Ishaan Khatter at Cannes ahead of ‘Homebound' premiere
Janhvi Kapoor's upcoming film Homebound is set to premiere at the Cannes Film Festival, and her family and close friends have already arrived in France ahead of the screening. Kapoor's boyfriend Shikhar Pahariya was seen at the festival with her sister Khushi Kapoor, filmmaker Karan Johar, and Orhan Awatramani. Photos shared on social media show the group posing casually on the sidelines of the festival. Dressed in informal clothing, they were seen together in candid moments, appearing relaxed before the film's official presentation. Karan Johar, who is one of the producers of Homebound, also posted a photo from Cannes wearing a peach checkered suit with a black shirt. He captioned the photo, 'Yes we Cannes! Day 1.' Actor Ishaan Khatter, who plays a lead role in the film, shared his own update with the caption, 'Bonjour festival de Cannes 🤍.' Directed by Neeraj Ghaywan, Homebound is part of the Un Certain Regard section at Cannes. The film follows the story of two childhood friends in a North Indian village and features Janhvi Kapoor, Ishaan Khatter, and Vishal Jethwa in the lead roles. The project is produced by Dharma Productions, Apoorva Mehta, and Adar Poonawalla. Martin Scorsese is attached as executive producer. In a statement about the film, he said, 'Neeraj has made a beautifully crafted film that's a significant contribution to Indian cinema. I am glad the movie is an official selection at Un Certain Regard in Cannes this year.' In a recent interview with Galatta Plus, Karan Johar spoke about the film's place at the festival, noting the significance of a mainstream studio production being officially selected. 'All those cinema intellectuals will go to town and talk about All We Imagine As Light... but not one person will write that a mainstream studio has an officially selected film (Homebound) at Cannes.'
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First Post
08-05-2025
- Entertainment
- First Post
Karan Johar finally breaks silence on partnering with Adar Poonawalla for Rs 1000 crore: 'In 2023, we realised we need to...'
KJo also revealed how his friend Apoorva Mehta came to his rescue after his father's demise read more In 2024, Karan Johar sold 50 per cent stake of his production house - Dharma Productions to Adar Poonawalla, Chief Executive Officer of Serum Institute of India for Rs 1000 crore. The filmmaker recently spoke about this decision and shared that they needed funds for the growth of the company. 'I didn't want to do collaborative projects so that all the profitability stays with Dharma Productions. Our biggest hits at that time all had partners because we couldn't finance those films on our own ability, because we were new,' Karan told Raj Shamani on his YouTube channel. STORY CONTINUES BELOW THIS AD Talking about his late father Yash Johar's legacy, he shared, 'Those who say nepotism, they don't know my history. I inherited goodwill from my father but not money. Before Kuch Kuch Hota Hai, we had 5 flops in a row.' Karan recalled that it was his film Kuch Kuch Hota Hai that resurrected Dharma Productions. 'Kuch Kuch Hota Hai's release in 1998 marked the beginning of Dharma Productions as a strong company. What I had was my father's goodwill and his tremendous belief. He had tremendous goodwill, he was loved a lot but he didn't see success.' KJo also revealed how his friend Apoorva Mehta came to his rescue after his father's demise. 'After my dad passed away in 2004, I had to take the company further and I couldn't have done it without Apoorva Mehta (CEO of Dharma Productions). He was my best friend in school and he left his entire life in London and overnight moved back to Mumbai. We have had our own journey. Till date my business acumen is zero but instinct is strong. He takes care of the business part, I am the creative person,' said the filmmaker. Revealing the reason of selling stakes to Poonawalla, Johar said, 'In 2023, we realised we need to leverage and grow. In our business to grow organically would have taken me another 5-7 years. I needed the fund to grow and today, I am happy with my partnership with Adar. He is an amazing human being and his instincts are very strong. I feel accountable because this is somebody else's money. I need to get success and make my company profitable.'
