Trading

Instacart

Grocery delivery or pick up services

Grocery delivery or pick up services

INDUSTRY

Technology

STATUS

trading

OPEN TO

public

Investment Highlights


  • Delivery and PickUp Services

  • 500M Products

  • 40,000 Stores

  • 5,500+ Cities

Company Overview


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

Team


  • Management
  • Directors
  • Apoorva Mehta

    CEO & Co-Founder

  • Nick Giovanni

    CFO

  • Brandon Leonardo

    Co-Founder

  • Maxwell Mullen

    Co-Founder

  • Jeffrey Jordan

    Andreessen Horowitz

  • Michael Moritz

    Sequoia Capital

News


  • Instacrat taps Investment Banker as Finance Chief
    Read more

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