Instacart

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Founded: 2012

Last Round Valuation: $39.13B

Instacart is a prominent on-demand grocery delivery service that enables customers to conveniently order groceries online and have them delivered to their doorstep. Founded in 2012, Instacart has revolutionized the way people shop for groceries by offering a vast selection of products from local stores, coupled with efficient delivery options. With its user-friendly platform and extensive retail partnerships, Instacart has become a trusted and popular choice for those seeking a convenient and time-saving grocery shopping experience.

Instacart Overview:

Instacart is a pioneering on-demand grocery delivery service that has transformed the way people shop for groceries. Founded in 2012 by Apoorva Mehta, Brandon Leonardo, and Max Mullen, Instacart has become synonymous with convenient and efficient grocery shopping, offering customers the ability to order groceries online and have them delivered to their doorstep.

The core mission of Instacart is to make grocery shopping easier and more accessible for everyone. Through its platform, customers can browse through a vast selection of groceries and everyday essentials from their favorite local stores. With options for same-day delivery or scheduled pickup, Instacart provides flexibility and convenience to accommodate busy schedules and diverse customer preferences.

One of the key strengths of Instacart is its extensive network of retail partners. The company collaborates with a wide range of grocery stores, supermarkets, and specialty retailers, allowing customers to choose from a diverse array of products and brands. This partnership model enables Instacart to offer customers a seamless shopping experience while supporting local businesses.

To fulfill orders, Instacart relies on a dedicated network of personal shoppers who are trained to carefully handpick items based on customer preferences. These shoppers work efficiently to ensure the freshness and quality of the products selected. The integration of technology, such as optimized route planning and real-time inventory tracking, helps streamline the shopping and delivery process, ensuring timely and accurate order fulfillment.

In addition to its consumer-facing services, Instacart also offers a range of innovative solutions for retailers. The company's enterprise-grade technology products and services enable retailers to leverage Instacart's infrastructure and expertise to expand their online presence. By partnering with Instacart, retailers can tap into a broader customer base, enhance their delivery capabilities, and gain valuable insights into customer behavior and preferences.

Instacart has experienced significant growth and success, expanding its operations to serve millions of customers across the United States and Canada. The company's commitment to customer satisfaction, reliability, and operational excellence has earned it a loyal user base and strategic partnerships with major retail brands.

With its headquarters in San Francisco, California, Instacart has continually evolved its platform to meet the changing needs of customers and the retail industry. The company has expanded its services to include features such as prescription deliveries, alcohol deliveries, and partnerships with local farmers and specialty stores, catering to a wide range of customer demands.

Instacart's success has been further bolstered by its ability to adapt to the evolving landscape of online grocery shopping. By leveraging advanced data analytics, machine learning, and artificial intelligence, Instacart continually optimizes its platform, enhancing the customer experience and improving operational efficiency.

Overall, Instacart has revolutionized the grocery shopping experience, offering customers a convenient, time-saving, and reliable solution for their grocery needs. With its innovative technology, extensive retail partnerships, and commitment to customer satisfaction, Instacart continues to shape the future of grocery delivery and remains a leader in the on-demand grocery industry.

Founders:

  • Apoorva Mehta

  • Brandon Leonardo

  • Max Mullen

Top Investors:

  • Andreessen Horowitz

  • Sequoia Capital

  • D1 Capital Partners

  • Valiant Capital Partners

  • DST Global

  • General Catalyst

  • Hironori Maeda

  • Coatue Management

  • Glade Brook Capital Partners

  • Kleiner Perkins Caufield & Byers

  • American Express Ventures

  • Nima Capital

  • Khosla Ventures

  • Canaan Partners

  • Wellcome Trust

  • Pantera Capital

  • Samsung Venture Investment

Funding History:


Date Share Type Amount Raised Raised to Date Issue Price Post Money Valuation Key Investors
Feb 2021 Series I-1 $128.64MM $2.52B $125.00 $39.13B Andreessen Horowitz, Sequoia Capital, D1 Capital Partners
Feb 2021 Series I $136.36MM $2.53B $125.00 $39.13B Andreessen Horowitz, Sequoia Capital, D1 Capital Partners
Oct 2020 Series H $200MM $2.39B $60.00 $17.71B Valiant Capital Partners, D1 Capital Partners
Jun 2020 Series G $225MM $2.19B $48.09 $13.74B DST Global, General Catalyst, D1 Capital Partners
Nov 2018 Series F $896.7MM $1.97B $29.74 $7.71B D1 Capital Partners, Hironori Maeda, Coatue Management
Apr 2018 Series E $350MM $1.07B $20.11 $4.37B Coatue Management, Glade Brook Capital Partners
Mar 2017 Series D $413.02MM $722.45MM $18.52 $3.51B Sequoia Capital, Wellcome Trust, Andreessen Horowitz
Jul 2015 Series C $256.05MM $309.44MM $13.31 $2.06B Kleiner Perkins Caufield & Byers, American Express Ventures, Nima Capital
Jun 2014 Series B1 $2.22MM $10.95MM $2.98 $378.98MM Andreessen Horowitz, Sequoia Capital, Khosla Ventures
Jun 2014 Series B $42.44MM $51.17MM $2.98 $378.98MM Andreessen Horowitz, Sequoia Capital, Khosla Ventures
Jun 2013 Series A $8.73MM $8.73MM $0.24 $23.03MM Sequoia Capital, Khosla Ventures, Canaan Partners

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