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Instacart

Last Updated

September 19, 2023

Instacart

Grocery delivery or pickup from local stores near you.

About

Industry

Food Delivery

Founded

2012

Headquarters

San Francisco, California

Website

jobs

Funding History

funding

$2.9 billion

Valuation

Valued at $10 billion at IPO in Sept. 2023

Notable investors

Andreessen Horowitz, Sequoia Capital, Pear VC, Y Combinator, Kleiner Perkins, Khosla Ventures, Canaan, Sam Altman

Traction

Instacart offers retail enablement solutions for over 1,100 retail customers across more than 80,000 locations.

Instacart revenue was reported at ~$2.5 billion for 2022, up 39% over 2021.

In Q4 2022, Instacart’s gross profits increased by 80%.

‍

Leadership

Fidji Simo: CEO at Instacart. Former Head of Facebook App at Facebook.

Asha Sharma: COO at Instacart. Former VP of Product at Facebook.

Daniel Danker: CPO at Instacart. Former Head of Product, Uber Eats at Uber.

Varouj Chitilian: CTO at Instacart. Former Senior Director of Engineering, Consumer Payments at Google.

Laura Jones: CMO at Instacart. Former Global Head of Marketing at Uber.‍

Nick Giovanni: CFO at Instacart. Former Head of Global Technology, Media, and Telecom Group at Goldman Sachs.

Latest News

The Information (June 1, 2023): Growth Wanes at Instacart, Gopuff

The Information (May 18, 2023): Instacart’s Ad Business Surges

Instacart Blog (March 2, 2021): Instacart Announces $265 Million in New Funding Led By Existing Investor