Capital Group cuts Instacart's valuation to $14.7B, below the company's $24B March valuation, becoming the second investor to cut the valuation in recent weeks
Instacart Inc. investor Capital Group Cos. cut its valuation to $14.7 billion, far below the online grocery-delivery firm's own calculation of $24 billion.
Sources: Instacart confidentially filed documents for an IPO, which could happen as soon as 2022, though the timing could slip or the startup could stay private
Instacart Inc., the grocery delivery platform, has confidentially filed documents for an initial public offering, according to people with knowledge of the matter.
Instacart says it has voluntarily cut its valuation to ~$24B to boost recruiting and retention; Instacart was valued at $39B during its latest raise last March
Instacart Inc. is slashing its valuation by almost 40% to about $24 billion, a move it says will help the company attract talent and adapt to market conditions.
Instacart says it is partnering with Fabric to build robot-equipped warehouses for supermarkets, with space for 10K-50K items, over the next 12 months
The grocery delivery company says it plans to build and operate fulfillment centers for supermarkets — Instacart Inc. is entering …
Instacart cuts 1,877 jobs, including its only union roles, as it shifts to new models, like selling its tech to retailers to have their staff prepare orders
Instacart Inc. plans to terminate about 1,900 employees' jobs, including the only unionized positions in the U.S., representing a fulsome embrace of the gig economy.
Instacart raises $200M in a round led by investment firms Coatue Management and Glade Brook Capital Partners, sources say at a $4.2B valuation
Amazon.com Inc. is very serious about grocery delivery, but Instacart Inc., the most popular alternative for supermarket orders in the U.S., isn't rolling over.
Instacart acquires Toronto-based coupon and voice-shopping startup Unata; sources: the deal totals about $65M
Unata makes voice-ordering software for grocery chains — Deal will help Instacart expand to more markets in Canada — Instacart Inc. said it agreed to acquire Toronto-based …