From BigGo Finance · BigGo Finance · · 1m 10s
Instacart Sale Talks
Instacart explores sale as Uber walks away and DoorDash weighs bid.
In brief
Instacart explores sale as Uber walks away and DoorDash weighs bid. Instacart is exploring a sale after Uber walked away from talks and DoorDash weighed a bid, with a potential valuation of $16 billion to $17 billion. Originally reported by BigGo Finance.
Instacart explores sale
Instacart is exploring a sale and has held preliminary talks with potential buyers including Uber and DoorDash.
Uber walks away
Uber has already stepped away from discussions, according to people familiar with the matter.
DoorDash weighs bid
DoorDash is weighing a bid for Instacart, with a potential valuation of $16 billion to $17 billion.
Stock prices react
Instacart shares closed up 9.2%, valuing the company at about $12 billion, while Uber fell nearly 3% and DoorDash dropped more than 4%.
Revenue growth slows
Revenue growth has slowed to about 11% in 2024 and 2025 versus 28% at DoorDash, though second-quarter revenue rose 14% to $1 billion.
Antitrust obstacle
Antitrust review remains the biggest obstacle, and Uber's pending acquisitions of Delivery Hero and ezCater could complicate a bid.
The essence
Instacart is exploring a sale after Uber walked away from talks and DoorDash weighed a bid, with a potential valuation of $16 billion to $17 billion.
