as wall street waits for instacart to go public the company’s new executive team is looking to build on the deliveryapp company’s own side hustle software and other services for grocery stores instacart announced thursday that it’s doubling down on a lesserknown part of its operations which is providing tech solutions to grocery chains like publix and aldi now the company is expanding its software offerings to grocers that want to compete with the likes of amazoncom inc amzn  and opening its own warehouses in partnership with grocers to compete with younger delivery startups that are promising ultrafast delivery such as gopuff instacart’s chief financial officer nick giovanni told marketwatch in a wednesday interview that the covid19 pandemic helped double the onlinegrocery market from 5 penetration five years ago and that the industry expects 20 to 30 penetration in the next decade or so because of that he said retailers will need more sophisticated tech tools and the company hopes to provide them “that’s what it’s about planning for the next decade of growth again” giovanni said “the last 10 years was about getting online the next 10 years is about helping digital transformation” the shift in consumer habits during the coronavirus pandemic led to huge growth in demand for online delivery helping doordash inc dash complete a longawaited initial public offering it also helped uber technologies inc uber offset a steep decline in ridehailing with a surge in delivery revenue instacart had been expected to go public with the benefit of pandemic growth trends especially after the hiring of giovanni early last year for more the pandemic has more than doubled fooddelivery apps’ business now what giovanni a goldman sachs veteran joined instacart as cfo months before the company also changed its chief executive hiring former facebook inc fb executive fidji simo in the announcement of giovanni’s hiring the company highlighted his extensive experience in advising companies as they go public including the initial public offerings of airbnb inc abnb  doordash inc dash  twitter inc twtr  dropbox inc dbx and ebay inc ebay  as well as the direct listings of slack technologies inc which has since been bought by salesforcecom inc crm  and spotify technology sa spot  yet when asked wednesday about the timeline for the company’s wall street arrival giovanni declined to comment and when asked for information on the company’s growth during the pandemic giovanni would not say any more about instacart’s consumer business beyond a company statement that orders grew 30 year over year in 2021 and instacart maintained the new customer base it gained during the pandemic what giovanni did want to talk about is the company’s goal to become grocers’ goto platform provider by expanding offerings for ecommerce fulfillment advertising instore and data solutions for grocers that would include deals like a partnership the company has struck with publix to provide ultrafast deliveries from fulfillment centers that instacart is calling carrot warehouses the test which will involve instacartowned warehouses and publix’s inventory will launch in atlanta and miami in the next few months and will aim for deliveries in 15 minutes or less giovanni would not share how many warehouses the company is envisioning to open but he did say it would depend on partnerships with retailers see also doordash jumps into ultrafast delivery and directly employing delivery workers he called the warehouses a complement to groceries and said it’s just one part of the company’s broader goal of connecting retailers to consumers “this will help retailers go headtohead with gopuff and gorillas” giovanni said instacart was founded in 2012 and has raised 29 billion in 20 rounds of venture capital according to crunchbase the most recent funding round valued the san franciscobased company at 39 billion last year but some large investors have since marked down their stake in the company suggesting a valuation of less than 32 billion