Tag: $Instacart

DoorDash, opens new tab is in advanced talks to acquire Instacart, opens new tab in a deal that ​could value the grocery-delivery platform at about $17 billion, a source familiar with ‌the matter told Reuters on Monday.

Shares of Instacart were heading lower in after-hours trading Wednesday, despite financial results from the company that topped Wall Street estimates.

Instacart posted better-than-expected results in the grocery delivery company’s first earnings report since it went public in September.

Instacart on Monday submitted an updated filing for its upcoming initial public offering, saying it is looking to raise up to $616 million of fresh capital alongside existing shareholders at a valuation of as much as $7.7 billion.

Grocery delivery service Instacart on Friday said its core business turned profitable after making public its filing for a long-awaited stock market launch, while also disclosing an investment from PepsiCo Inc (PEP.O).