Instacart IPO

instacart.comFood DeliveryFounded: 2012Funding to Date: $2.66B

Instacart was founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen. In a May 2019 interview with CNBC, CEO Apoorva Mehta noted, when discussing the importance of profitability, that the company is preparing for an eventual IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Instacart owns and operates a grocery delivery service. The company has raised nearly $2.2 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, Instacart last raised $225 million in June 2020 at a post-money valuation of $13.7 billion.

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Date of Last Funding Round

June 2020

Amount Last Raised

$13.74 B

Value at Last Round

$225 MM

Total Funding to Date

$2.17 B

Enterprise Value (based on primary financings)

Enterprise Value

View Enterprise Value for Instacart.

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