Instacart

Instacart is a provider of online grocery delivery services offering same-day delivery and pickup services of fresh groceries and everyday essentials.

The provider of an on-demand goods delivery application designed to order and secure delivery of groceries from local stores.

The company’s application uses software that easily determines the right time to dispatch a shopper, based on weather, traffic, sporting events and other factors, enabling its users to shop for grocery items from over 200 retailers and have them conveniently delivered to their door in a timely manner.

Instacart was founded in 2012 by entrepreneur Apoorva Mehta, a former Amazon.com employee.

Apoorva was born in India and moved with his family to Canada in 2000.He studied engineering at the University of Waterloo and graduated in 2008.Instacart originally launched in San Francisco.

Instacart lets you shop from local grocery stores online, then sends a “personal shopper” to fulfill and deliver your order to you the same day. … This personal shopper goes to the store, picks up everything on your list, and then drives it to you in their own car. Think of it as the Uber of grocery delivery

Financials

Total funding to date – $2.7B (from 17 funding rounds).

Most recent capital raising in March 2021 of US$265B with Enterprise Value US$39.13B from existing venture capital investors including Andreessen Horowitz, Sequoia and D1 Capital Partners, as well as existing institutional investors like Fidelity and T. Rowe Price

Enterprise Value US$46.8B