Instacart was founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen. In a May 2019 interview with CNBC, CEO Apoorva Mehta said that the company is preparing for an eventual IPO. While the company remained private through 2022, reports from February 2023 state that the company is "widely expected to be eyeing the first potential market opening for a listing." Instacart has kept its IPO paperwork up to date in anticipation of an eventual offering.
Instacart owns and operates a grocery delivery service. The company has raised more than $2.5 billion in Venture Capital funding from investors including Tiger Global Management, Coatue Management, G Squared, Dragoneer Investment Group, Comcast Ventures, Kleiner Perkins, Thrive Capital, Andreessen Horowitz, Canaan Partners, Khosla Ventures, DST Global, General Catalyst, and Sequoia Capital. Per company press releases, a funding round in March 2021 raised $265 million in fresh capital and resulted in a $39 billion valuation.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Instacart does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Instacart will be known as it becomes public. Here are similar public companies: Tesla (NAS: TSLA), Rivian (NAS: RIVN), Ford (NYS: F), Uber (NYS: UBER), Lyft (NAS: LYFT).
| Date | Funding Round | Funding Raised | Price per Share | IPO 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 |
Instacart is a privately held company and is not publicly traded on NYSE or NASDAQ in the U.S. To buy pre-IPO shares of a private company, you need to be an accredited investor. Learn more about how to invest in the private market or register today to get started.
If you own Instacart pre-IPO shares and are considering selling, you can find what your shares could be worth on Forge’s secondary marketplace.
Our Private Market Specialists are available to answer any questions you might have and can help connect you with a buyer from our network of 125,000 accredited investors and institutions. You can also learn more about how to sell your private shares before getting started.
Instacart is a private company and not publicly traded.
If you are interested in buying or selling private company shares, you can register with Forge today for free to explore your options. Registering gives you access to one of our Private Market Specialists who can guide you through the process of buying or selling. Learn more about how Forge might help you buy pre-IPO shares or sell pre-IPO shares.
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.
