Instacart reportedly discussed selling itself with DoorDash and Uber
News Source
β’Sat, 24 Oct 2026 16:30:00 +0000
π° What Happened
Instacart has reportedly talked to DoorDash and Uber about selling itself. The Information said the grocery delivery company hired an investment bank to weigh its options. Bloomberg reported the Uber talks, adding that Uber walked away.
Instacart is worth more than $13 billion and its shares are up 25 percent this year. News of a possible sale pushed the stock up more than 9 percent on Friday. The company would not comment.
π The Backstory
Instacart became a household name during the pandemic, when millions of people had groceries delivered. It went public in 2023 and has since faced slower growth and tougher competition.
Its main rivals are DoorDash and Uber Eats, which already deliver restaurant food and have added groceries. Analysts say a sale would let Instacart cash out before that fight gets harder.
π― Why It Matters
If a deal happens, it could change the apps people use for grocery delivery and what they pay in fees.
Instacart has reportedly talked to DoorDash and Uber about selling itself. The Information said the grocery delivery company hired an investment bank to weigh its options. Bloomberg reported the Uber talks, adding that Uber walked away.
Instacart is worth more than $13 billion and its shares are up 25 percent this year. News of a possible sale pushed the stock up more than 9 percent on Friday. The company would not comment.
Instacart became a household name during the pandemic, when millions of people had groceries delivered. It went public in 2023 and has since faced slower growth and tougher competition.
Its main rivals are DoorDash and Uber Eats, which already deliver restaurant food and have added groceries. Analysts say a sale would let Instacart cash out before that fight gets harder.
If a deal happens, it could change the apps people use for grocery delivery and what they pay in fees.