Courtesy of Shipt

On-demand delivery is a tough business with thin margins, but entrepreneurs and investors continue to pour resources into it. Shipt, an on-demand grocery delivery startup originally from Alabama, has raised $40 million in new funding from Greycroft Partners,, and Harbert Venture Partners. It plans to be in a total of 100 U.S. markets within the next year.

Competition: Shipt founder and CEO Bill Smith says he's not worried about rival Instacart, even though it has raised hundreds of millions of dollars. For one, most of the 50 markets where Shipt operates are in the South and the Midwest—only partially overlapping with Instacart. It also requires that customers pay an annual membership fee ($99), something Instacart offers as an option for more frequent customers. Shipt's average customer is a 35-year-old mom with two kids who orders every 10 days—another reason it's currently staying away from markets like San Francisco where users are mostly single professionals.

CPG craze: One way Shipt hopes to make money is by charging fees to consumer packaged goods brands in exchange for promoting their products in its app. The approach also is used by other delivery services like Instacart, Postmates, and Rappi (in Latin America).

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Scoop: Trump, Pence criticize U.S. Chamber CEO Friday call

Pence and Trump in the Oval Office Sept. 4. Photo: Anna Moneymaker-Pool/Getty Images

President Trump and Vice President Mike Pence criticized the CEO of the U.S. Chamber of Commerce during a phone call Friday morning, venting their frustrations over its recent endorsement of nearly two dozen vulnerable House Democratic freshmen, two sources familiar with the call tell Axios.

Why it matters: Trump’s re-election is based largely on the idea that he has been a good steward of the economy, and if one of the largest business groups is seen as opposing him, it could undermine that case.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 30,297,368 — Total deaths: 948,058— Total recoveries: 20,626,074Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 6,696,621 — Total deaths: 198,114 — Total recoveries: 2,540,334 — Total tests: 91,546,598Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.
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Anxious days for airline workers as mass layoffs loom

Sara Nelson, president of the Association of Flight Attendants, during a Sept. 9 protest outside the Capitol. Photo: Alex Wong/Getty Images

The clock is ticking for tens of thousands of anxious airline employees, who face mass reductions when the government's current payroll support program expires on Sept. 30.

Where it stands: Airline CEOs met Thursday with White House Chief of Staff Mark Meadows, who said President Trump would support an additional $25 billion from Congress to extend the current aid package through next March.