Instacart
instacart.com
FoodTech
Founded: 2010
Last Round Valuation: $39.13B
Instacart is an online grocery delivery service provider that specializes in same-day delivery and pickup services for fresh groceries and daily essentials. In addition to its delivery services, the company also offers a range of enterprise-level technology products and services for retailers to enhance their services and gain valuable insights. The company was founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen, and is based in San Francisco, California.
Instacart Overview:
Instacart is a popular online grocery delivery service that provides same-day delivery and pickup services for fresh groceries and everyday essentials. The company was founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen and is headquartered in San Francisco, California.
The platform allows users to shop from their favorite local stores and have their items delivered right to their doorsteps, often within a few hours of placing an order. Customers can choose from a wide range of grocery stores, including national chains, regional chains, and local favorites.
Instacart also offers a suite of enterprise-grade technology products and services designed to help retailers enhance their online presence and better serve their customers. These services include Instacart Ads, which allows retailers to promote their products and services to a wider audience, and Instacart Enterprise, which offers advanced features for managing inventory, pricing, and promotions.
Over the years, Instacart has expanded its services to include a variety of delivery options, including same-day, next-day, and even two-hour deliveries in some areas. The company has also introduced new services such as Instacart Express, a subscription-based service that provides free delivery on orders over a certain amount.
Today, Instacart is one of the largest and most popular online grocery delivery services in the United States, serving millions of customers across the country. The company has also expanded its services to Canada, and has plans to continue expanding its offerings and reach in the years to come.
Founders:
Apoorva Mehta
Brandon Leonardo
Max Mullen
Top Investors:
Sequoia Capital
Andreessen Horowitz
D1 Capital Partners
Coatue Management
Fidelity Management and Research Company
T. Rowe Price Associates
GIC
Valiant Capital Management
Thrive Capital
American Express Ventures.
Funding History:
| Round Date | Investor Name | Investor Type | Round Total | Valuation |
|---|---|---|---|---|
| Nov 2021 | Undisclosed Investors | N/A | $232.0 MM | $40.0 BN |
| Mar 2021 | T. Rowe Price Associates, Inc. | Investment Management Firm | $265.0 MM | $39.0 BN |
| Oct 2020 | Valiant Capital Partners | Venture Capital | $200.0 MM | $17.7 BN |
| Jul 2020 | T. Rowe Price Associates, Inc. | Investment Management Firm | $100.0 MM | $13.8 BN |
| Jun 2020 | DST Global | Venture Capital | $225.0 MM | $14.0 BN |
| Nov 2018 | Tiger Global Management LLC | Private Equity | $271.0 MM | $7.9 BN |
| Oct 2018 | D1 Capital Partners | Venture Capital | $600.0 MM | $7.6 BN |
| Apr 2018 | Coatue Management | Hedge Fund | $150.0 MM | $4.4 BN |
| Feb 2018 | Glade Brook Capital | Investment Management Firm | $350.0 MM | $4.4 BN |
| Mar 2017 | Sequoia Capital | Venture Capital | $400.0 MM | $3.4 BN |
| Mar 2016 | Whole Foods Market, Inc. | Corporate | -- | $2.5 BN |
| Jan 2015 | Kleiner, Perkins, Caufield & Byers (KPCB) | Venture Capital | $220.0 MM | $2.0 BN |
| Jun 2014 | Andreessen Horowitz, LLC | Venture Capital | $45.0 MM | $400.0 MM |
| Jul 2013 | Sequoia Capital | Venture Capital | $8.5 MM | $26.2 MM |
| Oct 2012 | Canaan Partners | Venture Capital | $2.3 MM | N/A |
In the News:
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