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Instacart CEO Apoorva Mehta (TechCrunch via Flickr CC)

When Amazon agreed to buy Whole Foods back in March, some viewed it as a death knell for grocery delivery unicorn Instacart (whose best known customer, at the time, was Whole Foods). We offered both a bull and a bear case — the former basically being that fear of the Bezos Borg would drive other grocers into Instacart's arms.

It seems the bull case was correct, as Instacart has been on a big customer acquisition spree. Two weeks ago it was Canadian chain Loblaw. Earlier this week it was U.S. giant Albertsons, which means Instacart is now partnered with five of North America's top six grocers. The only hold-out continues to be market leader Walmart, which seemingly would have the most to gain by taking some wind out of Amazon's sails.

  • Instacart doesn't disclose detailed financials, but CEO Apporva Mehta tells Axios that gross revenue has climbed 150% year-over-year.
  • Albertsons' Safeway unit already has a home delivery service, but it's more about next-day than next-hour. Expect Safeway to maintain its existing service for the time being (likely due to sunk costs and some customer familiarity), but Instacart doesn't plan to leverage any of that infrastructure (software, vehicles or people).
  • Amazon's deal for Whole Foods also seemed to take a toll on recipe kit delivery company Blue Apron, which priced its IPO the same week. Yesterday Blue Apron announced that founder Matt Salzberg was stepping down as CEO, to be replaced by CFO Brad Dickerson (Salzberg will become exec chairman). Dickerson told Axios that it was Salzberg's call. We also asked if he had any frustrations with Goldman Sachs leading its IPO into the Amazon/Whole Foods buzzsaw, given that Goldman also managed that transaction and had to know the timing would coincide. He said he did not, adding he was "very pleased" with Goldman's work for Blue Apron.

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Illustration: Sarah Grillo/Axios

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Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.