Red Apple Group is exiting the smart trolley provider, which is being taken over by Instacart in a cash-and-stock deal.
Grocery delivery service Instacart is acquiring Caper AI, a US-based smart retail technology producer backed by supermarket chain Red Apple Group, for a price it told TechCrunch is $350m.
Founded in 2016, Caper has created a shopping trolley that integrates barcode scanning, payment and weight sensors in order to streamline the grocery shopping process. It has also developed a counter which incorporates an automated checkout system.
Instacart said the cash-and-stock acquisition means it will be able to help retailers integrate…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
