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.

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Learn more about Instacart

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What is Instacart's IPO price?

Instacart's IPO price is $25.63 as of 1/18/24.
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What is Instacart's funding to date?

Instacart has raised $2.66B to date.
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When was Instacart founded?

Instacart was founded in 2012.
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What is Instacart?

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.

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How does Instacart work?

Instacart’s platform has several large grocery store chains and offers same-day delivery in select cities.

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Who are the founders of Instacart?

The founders of Instacart are Apoorva Mehta, Brandon Leonardo, and Max Mullen.

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Who is the CEO of Instacart?

In August 2021, Fidji Simo was appointed CEO of Instacart.

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How old is Instacart?

Instacart was founded in June, 2012.

Who are Instacart's major investors?

Instacart Funding Rounds and Last Known Valuation

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
Based on primary financings
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Updated on: Jan 18, 2024

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