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Instacart was founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen. According to NPR, Instacart went public in September 2023. NPR reported on Instacart that “The stock went public at $30 a share. The price instantly jumped to $42. It ended the day at almost $34. So a bit of a roller coaster ride, but still 12% higher than the day began.”
Instacart is a grocery delivery software platform. Per Forge data, Instacart raised $2.9 billion in funding over 19 rounds. Their latest funding was raised on Nov 1, 2021. Key investors include D1 Capital Partners, DST Global, Tiger Global Management, Sequoia Capital, and Fidelity Management and Research Company.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Instacart is a grocery delivery service that hires personal shoppers to shop on behalf of the user and then drop off the groceries at their home.
Instacart’s platform has several large grocery store chains and offers same-day delivery in select cities.
The founders of Instacart are Apoorva Mehta, Brandon Leonardo, and Max Mullen.
In August 2021, Fidji Simo was appointed CEO of Instacart.
Instacart was founded in June, 2012.
| Date | Funding Round | Funding Raised | Price per Share | Last Known Valuation |
|---|---|---|---|---|
| 2/26/2021 | Series I and I-1 | $265MM raised | $XXX.XX | $XXX.XX |
| 10/8/2020 | Series H | $200MM raised | $XXX.XX | $XXX.XX |
| 6/11/2020 | Series G | $225MM raised | $XXX.XX | $XXX.XX |
| 11/15/2018 | Series F | $896.7MM raised | $XXX.XX | $XXX.XX |
| 4/13/2018 | Series E | $350MM raised | $XXX.XX | $XXX.XX |
| 3/15/2017 | Series D | $413.02MM raised | $XXX.XX | $XXX.XX |
| 7/10/2015 | Series C | $256.05MM raised | $XXX.XX | $XXX.XX |
| 6/10/2014 | Series B and B1 | $44.66MM raised | $XXX.XX | $XXX.XX |
| 6/26/2013 | Series A | $8.73MM raised | $XXX.XX | $XXX.XX |
