US grocery delivery app Instacart hikes its valuation 18% to $12 billion as financials improve

Source: The Economic Times (India) Grocery delivery app Instacart raised its internal stock price by 18% in late February compared with December, The Information reported on Sunday, citing a person with direct knowledge of the matter. Instacart's improvement reflects financial results from December, January and February, as well as the [...]

2023-04-05T15:02:53-07:00April 5th, 2023|Tags: |

Instacart slashes its valuation by nearly 40%

By Jeff Wells Source: Grocery Dive Instacart has slashed its valuation by nearly 40%, to around $24 billion, the company said on Thursday. It had posted a $39 billion valuation last year. The move comes amid slowing growth on Instacart’s marketplace and increasing competition from e-commerce companies like DoorDash. “We [...]

2022-03-28T15:52:33-07:00March 28th, 2022|Tags: , |
Go to Top