DoorDash to acquire Instacart for $17 billion

Summarised from 2 outlets · Updated 29 Oct, 12:57 · Archive

DoorDash is acquiring Instacart for $17 billion, combining the two grocery delivery services.

DoorDash is acquiring Instacart for $17 billion, combining two of the largest players in grocery delivery. Instacart, founded in 2012, specialises in grocery and convenience store delivery across the US and Canada. Its 600,000 independent contractor shoppers completed 338 million orders last year. The company has a market value of $14 billion.

DoorDash, founded in San Francisco in 2013, began as a restaurant delivery service but has expanded to pet food and electronics. It operates in 40 countries and completed more than 3 billion orders last year with 9 million independent delivery workers. It has a market value of $73 billion.

DoorDash said Instacart will keep its brand name and app after the acquisition. Instacart shoppers can continue fulfilling orders for Instacart, and grocers can choose to work with either service or both. Instacart customers will now have access to 50,000 additional stores covered by DoorDash. Tony Xu, co-founder and CEO of DoorDash, said the deal will combine Instacart's grocery expertise with DoorDash's logistics and delivery capabilities.

How it is being reported

• DoorDash to buy Instacart for $17 billion in big consolidation for grocery deliveryDoorDash is gobbling up Instacart in a $17 billion acquisition that will supercharge its grocery delivery business.News4Jax · 29 Oct, 12:04
• DoorDash to buy Instacart for $17 billion in big consolidation for grocery deliveryDoorDash is gobbling up Instacart in a $17 billion acquisition that will supercharge its grocery delivery business.Clickorlando · 29 Oct, 12:04

In this story: DoorDash · Instacart · Tony Xu · San Francisco · Kroger · Costco

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem · Corrections log