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.
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 | $39.13B | $XXX.XX | $XXX.XX |
| 10/8/2020 | Series H | $17.71B | $XXX.XX | $XXX.XX |
| 6/11/2020 | Series G | $13.74B | $XXX.XX | $XXX.XX |
| 11/15/2018 | Series F | $7.71B | $XXX.XX | $XXX.XX |
| 4/13/2018 | Series E | $4.37B | $XXX.XX | $XXX.XX |
| 3/15/2017 | Series D | $3.51B | $XXX.XX | $XXX.XX |
| 7/10/2015 | Series C | $2.06B | $XXX.XX | $XXX.XX |
| 6/10/2014 | Series B and B1 | $378.98MM | $XXX.XX | $XXX.XX |
| 6/26/2013 | Series A | $23.03MM | $XXX.XX | $XXX.XX |
