Instacart Stock

instacart.com | E-Commerce | Founded: 2012 | Funding to Date: $1.94B

Instacart was founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen. Instacart offers a last-mile goods delivery service via an application. The company’s software enables proper timing for delivery based on weather, traffic, and other factors. The application supports over 200 retailers. Instacart has offices in San Francisco, Boston, and Chicago. As of December 2018.

ENTERPRISE VALUE (based on primary fundings)

Key Investors
Andreessen Horowitz
Canaan Partners
FundersClub
Khosla Ventures
Kleiner Perkins Caufield & Byers
Sequoia Capital
Y Combinator

TEAM

Management Team
  • Apoorva Mehta - CEO & Co-Founder
  • Ravi Gupta - CFO
  • Brandon Leonardo - Co-Founder
  • Maxwell Mullen - Co-Founder
  • Sagar Sanghvi - Director, Corporate Development, Strategic Initiatives and Head of Corporate Development
Board Members
  • Jeffrey Jordan - Andreessen Horowitz
  • Michael Moritz - Sequoia Capital

NEWS

TechCrunch

Instacart is facing another class-action lawsuit pertaining to the way it pays its independent contractors, NBC News reports. Instacart guarantees its workers at least $10 per job, but workers are alleging Instacart offsets wages with tips from customers. The suit alleges Instacart “intention…

Forbes

If we fail to take into account the reality of mobile communications in the planning and marketing of our businesses now, we will inevitably end up on the non-digital ash heap of history.

Forbes

This year's Fintech 50 list contained more payments companies than any of the other three years we've run it. The 12 startups run the gamut from businesses making money transfers cheaper and companies reducing fraud to smarter point-of-sale credit card readers.

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