Latest news with #grocerydelivery
TechCrunch
8 hours ago
- Business
- TechCrunch
Indian grocery startup KiranaPro was hacked and its servers deleted, CEO confirms
Indian grocery delivery startup KiranaPro has been hacked and all its data has been wiped, the company's founder confirmed to TechCrunch. The destroyed data included the company's app code and its servers containing banks of sensitive customer information, including their names, mailing addresses, and payment details, KiranaPro co-founder and CEO Deepak Ravindran told TechCrunch. The company's app is online but cannot process orders, TechCrunch has found. Launched in December 2024, KiranaPro operates as a buyer app on the Indian government's Open Network for Digital Commerce, allowing customers to purchase groceries from their local shops and nearby supermarkets. KiranaPro has 55,000 customers, with 30,000-35,000 active buyers across 50 cities, who collectively place 2,000 orders daily, according to the company. Unlike a typical grocery delivery app, KiranaPro offers a voice-based interface that allows users to place orders from local shops using voice commands in languages such as Hindi, Tamil, Malayalam, and English. The startup planned to expand to 100 cities in the next 100 days before the incident happened, Ravindran said. On May 26, KiranaPro executives became aware of the incident while logging into their Amazon Web Services account. Hackers had gained access to KiranaPro's root accounts on AWS and GitHub, Ravindran told TechCrunch. Ravindran shared a couple of screenshots of the GitHub security logs and a file containing a sample of activity logs around the time of the incident, suggesting that the hacking happened after someone gained access to their systems via a former employee's account. KiranaPro's chief technology officer Saurav Kumar told TechCrunch that the hack happened around May 24-25. The startup said it used Google Authenticator for multi-factor authentication on its AWS account. Kumar told TechCrunch that the multi-factor code had changed when they tried to log into their AWS account last week, and all their Electric Compute Cloud (EC2) services, which let clients access virtual computers to run their applications, were deleted. 'We can only log in through the IAM [Identity and Access Management] account, through which we can see that the EC2 instances don't exist anymore, but we are not able to get any logs or anything because we don't have the root account,' he said. KiranaPro has reached out to GitHub's support team to help identify the hacker's IP addresses and other traces of the incident, said Ravindran. Similarly, Ravindran told TechCrunch that the startup is filing cases against its former employees, who he said had not submitted their credentials for accessing their GitHub accounts to check their logs. It is unclear how the attack happened. Some of the biggest cyberattacks in recent years, such as LastPass, Change Healthcare, and Snowflake, were caused by credential theft, such as through password-stealing malware installed on an employee's laptop, and missing or unenforced multi-factor authentication. The companies were ultimately responsible for enforcing the security of their own systems, including whether their employees must use multi-factor authentication, and terminating accounts of former employees who no longer work at their company. KiranaPro counts Blume Ventures, Unpopular Ventures, and Turbostart among its institutional venture backers, as well as Olympic medalist PV Sindhu and BCG MD Vikas Taneja among its angel investors. The company has a team of 15 employees located in Bengaluru and Kerala.
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.
Zawya
7 days ago
- Business
- Zawya
Keemart by Keeta launches in Riyadh, starting with Al Yasmin and Granada districts
Saudi Arabia - Keeta, the international subsidiary of Meituan - China's leading on-demand delivery giant - has officially launched Keemart, a new grocery delivery service designed to bring everyday essentials to users' doors in just 15 minutes. The service is now live in the Al Yasmin and Granada districts of Riyadh, with plans to expand across the city and other regions in Saudi Arabia. With Riyadh's fast-paced lifestyle and growing demand for digital convenience, Keemart comes at a time when convenience is no longer a luxury, it's an expectation. Keemart offers a practical and timely solution for residents seeking quick, reliable access to groceries and household necessities. The platform not only eliminates the need for last-minute store trips but also empowers local merchants by broadening their digital footprint. Keemart is built for everyday accessibility. Through the Keeta app, customers can browse an expanding selection of fruits, vegetables, snacks, beverages, dairy products, cleaning supplies, and personal care items. All products are sourced from trusted brands and suppliers to ensure freshness and quality. 'Our goal is simple: to make daily life easier for individuals and families across Riyadh,' said Aria Liu, Head of Keemart in Saudi Arabia. 'With Keemart, we're offering a faster, more reliable way to get everyday essentials delivered right to your door. This is part of our broader mission at Keeta to help people eat better, live better.' Couriers are stationed at local fulfillment hubs for immediate dispatch. All frozen and temperature-sensitive items are packed with ice packs to maintain optimal quality. Deliveries are powered by a smart dispatch system and an advanced last-mile logistics network - ensuring precise, efficient, and professional service from order to doorstep. Keemart's growth strategy includes rapid expansion into more Riyadh neighborhoods, followed by a nationwide rollout. This initiative aligns with Keeta's long-term vision to enhance quality of life through digital innovation while supporting Saudi Arabia's Vision 2030 through technology, job creation, and the empowerment of local commerce.
RNZ News
25-05-2025
- Business
- RNZ News
Man delivers and sells Costco butter from Auckland to Taranaki
A man from Taranaki has been making a side hustle out of delivering cut price groceries from the giant wholesaler to New Plymouth hundreds of kilometres away. Kaleb Halverson spoke to Lisa Owen. To embed this content on your own webpage, cut and paste the following: See terms of use.
The Sun
23-05-2025
- Business
- The Sun
I tried out one-hour supermarket delivery slots – one was so quick it came in 12 minutes but there's a hidden cost
I PUSHED the order button on my phone and then 10 minutes later my groceries were at my door. I often find I'm missing an ingredient for a recipe and with two kids at home it's easier to get the items delivered. 5 But how much extra am I paying? Sun Savers Editor Lana Clements puts 60-minute delivery services to the test. To my home in Maidenhead I can get Tesco Whoosh, Sainsbury's Chop Chop, Morrisons via Amazon, Waitrose via Uber Eats and Co-op via Deliveroo. I ordered the same basket from each shop. Selecting the cheapest, pint of semi-skimmed milk, six-pack of eggs, punnet of strawberries, three-pack of Solero ice creams, loaf of white bread and two-pack of burgers. TESCO WHOOSH 5 Tesco claims deliveries come in 20 minutes to 70 per cent of the UK from 1,500 stores. It was easy to order through the Clubcard app. I did find the choice of items were fairly limited and more premium products on offer than basic ones. For example, only Tesco's finest burgers and strawberries were available, plus the smallest carton of milk available was two pints as opposed to one. This pushed up the overall cost of the basket. Although, it does have a low delivery fee compared to other supermarkets. My order arrived in 12 minutes, which was pretty speedy. The strawberries did have a short best before date, which is annoying. RATING: 3/5 SAINSBURY'S CHOP CHOP 5 It claims to deliver within an hour less from 800 stores. You need to download the Chop Chop app. The choice of products was good and I was able to order everything I needed and keep costs relatively low. For example, I was offered three different packs of strawberries to choose from. This means the basket cost was lower than rival Tesco, however, the fees were more than £2 higher and included a carrier bag fee making it more expensive overall. The order came exactly 10 minutes after placing it making it the fastest in the test. And I can't complain about the food which was all in great condition. You can also order Sainsbury's through Uber Eats and Deliveroo but you can earn Nectar points when ordering through Chop Chop. This was the quickest delivery and there was a great choice of food but the fee was at the higher end of the scale. RATING: 4/5 MORRISONS VIA AMAZON MIN SPEND: £15 for Amazon Prime members, £40 for non-members BASKET COST: £15.48 ( plus the extra sausages) FEES: Orders over £60 are free for Prime members, £2 for between £40 and £60, and £4 under £40. For non-members, fees are £3 for orders over £60 and £5 between £40 and £60. TOTAL COST: £19.48 Same-day deliveries within two-hour timeslots. When I logged on at 9.30am in the morning, I had the choice of three slots available with the earliest being 2-4pm, the next 4-6pm and then 6-8pm. I picked the later slot to make sure I didn't miss the delivery while on the school run. The choice of products was fantastic and the cheapest prices. I needed to meet a minimum spend of £15, as I'm an Amazon Prime member. I added on a pack of sausages to bring the total order up to £15.48. By 8pm nothing had arrived. Then at 8.09pm I received a text message to say the order had been cancelled and that I would be refunded. There was no reason given for the cancellation. Luckily we didn't go hungry as the other orders were arriving - but I was not impressed. The fees and minimum spends are offputting too. RATING: 0/5 WAITROSE VIA UBER EATS 5 On Uber Eats I can get Sainsbury's and Co-op delivered as well as Waitrose. The selection from Waitrose was great and my order arrived within 26 minutes. I also got 50 per cent off selected fruit and veg as there was an offer running, which knocked off £2.69 off my total bill. The fees seem excessive as you're charged for service, delivery and bags separately. My order was also split into two bags, pushing up the cost. Good choice of food and it arrived in reasonable time and condition. RATING 3/5 CO-OP VIA DELIVEROO Through Deliveroo I can get Waitrose and Sainsbury's delivered but I tested Co-Op. Unfortunately, it was not long after the supermarket suffered from cyber attacks impacting its stock levels and product availability. However, I was still able to order burgers, milk, bread and ice lollies - and raspberries instead of strawberries. But there were no eggs at all. The original order total came to £15.50. However, the raspberries were out of stock when it came to packing and my one pint of milk was changed to a two-pint carton, while the lollies were changed to Co-Op own brand. The order arrived in a reasonable 17 minutes. Unlike all the other deliveries, my Co-Op shopping arrived in a green compostable bag. This didn't seem to offer the food as much protection as the brown paper bags from the other supermarkets. As a result, I wasn't too happy with my loaf of bread which arrived seriously squished. Fees are split in a similar way to Uber Eats and made up of three parts. The order arrived in good time but I wasn't happy with my squashed bread and the choice also let down the experience but this seemed like bad timing. OTHER SUPERMARKETS Asda and Ocado both offer speedy grocery deliveries. Asda offers between an hour and four hours from 330 stores. My closest branch is five miles away but I couldn't get it delivered. There's no minimum spend and fees are £8.50 to £8.99. Ocado's Zoom delivery is between 6am and 10pm. It currently only covers parts of West and East London. Minimum spend is £15 and fees start from £1.49. THE HIDDEN COST OF SPEEDY DELIVERY IT'S not just the delivery fees that make ordering same-day delivery a pricey option. There is a stealth cost that makes these services more expensive than standard online delivery - or if you just popped into the shop. The vast majority of food items had been given a markup compared to the price for standard online delivery. This markup varied between shops but made the basket almost £3 more expensive in some cases, than if you'd bought the items yourself at the shop or through online delivery. Sainsbury's: £15.20 versus £12.74 = £2.46 more expensive Tesco: £16.44 versus £14.50 = £1.94 more expensive Morrisons: £15.48 versus £14.73 = 75p more expensive Waitrose: £13.11 versus £12.40 = 71p more expensive
