Vroom Delivery Taps Instacart Carrot Ads to Power Retail Media for Convenience Stores Nationwide
Rhea-AI Summary
Instacart (NASDAQ: CART) has announced a strategic partnership with Vroom Delivery to integrate Instacart Carrot Ads across Vroom's network of 3,500 convenience stores nationwide. The collaboration will enable Vroom's convenience retailers to access Instacart's advertising technology, including Sponsored Product and Display ads.
Through this integration, over 7,500 brand advertisers in the Instacart Ads ecosystem will be able to extend their campaigns to Vroom Delivery's convenience store network. The partnership leverages Instacart's Carrot Ads platform, which is currently used by more than 240 partners to build and grow their retail media businesses.
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News Market Reaction
On the day this news was published, CART declined 2.26%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vroom Delivery to bring Instacart Sponsored Product and Display ads to 3,500 convenience stores
Vroom Delivery's partnership with Instacart expands its efforts to help small- and medium-sized convenience retailers tap into advertising demand. With this new integration, over 7,500 brand advertisers participating in the Instacart Ads ecosystem, will soon be able to extend their Instacart campaigns to Vroom Delivery's network of convenience store retailers, helping to drive discovery and create more personalized product recommendations.
"Retail media is evolving quickly, and Vroom Delivery's decision to adopt Carrot Ads is a testament to the strength of our ad technology. We're building Carrot Ads to be the most advanced retail media solution in the industry - designed to help e-comm partners move quickly and unlock the full potential of retail media," said Alice Luong, Senior Director of E-Commerce and Retail Media at Instacart. "At the same time, advertisers gain a simplified point of entry with intuitive and familiar self-service tools for campaign activation, optimization, and measurement - all on Instacart's ad platform."
"We're committed to helping local convenience stores compete in the fast-growing world of e-commerce," said John Nelson, CEO of Vroom Delivery. "It was important for us to partner with a company that not only has proven technology, but also the expertise to move fast. By integrating Instacart Carrot Ads, we're making industry-leading retail media accessible and scalable for convenience retailers of all sizes."
Carrot Ads is a retail media solution from Instacart that enables partners, such as grocers, marketplaces, and commerce platforms, to build or grow their own retail media businesses. It extends Instacart ad technology to help monetize digital storefronts, apps, and other owned commerce channels. Today, Instacart has more than 240 partners leveraging the Carrot Ads solution.
For more information about Carrot Ads, visit www.instacart.com/company/retailer-platform/carrot-ads.
About Instacart
Instacart, the leading grocery technology company in
About Vroom Delivery
Vroom Delivery is a leading e-commerce platform specializing in convenience and liquor store retail. Serving 3,500 stores across the
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SOURCE Maplebear Inc. dba Instacart