About Instacart
Instacart is a company based in San Francisco (United States) founded in 2012 by Apoorva Mehta, Max Mullen, and Brandon Leonardo. Instacart has raised $2.93 billion across 17 funding rounds from investors including Fidelity Investments, Kleiner Perkins and Khosla Ventures. The company has 3,270 employees as of December 31, 2024. Instacart has completed 9 acquisitions, including Caper AI, Eversight and FoodStorm. Instacart operates in a competitive market with competitors including DoorDash, Postmates, Shipt, Getir and Gopuff, among others.
- Headquarter San Francisco, United States
- Employees 3270 as on 31 Dec, 2024
- Founders Apoorva Mehta, Max Mullen, Brandon Leonardo
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Maplebear Inc.
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Annual Revenue
$3.38 B (USD)11.05as on Dec 31, 2024
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Net Profit
$457 M (USD)0as on Dec 31, 2024
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EBITDA
$586 M (USD)0as on Dec 31, 2024
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Total Equity Funding
$2.93 B (USD)
in 17 rounds
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Latest Funding Round
$232 M (USD), Series F
Oct 15, 2021
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Investors
Fidelity Investments
& 27 more
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Employee Count
3270
as on Dec 31, 2024
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Investments & Acquisitions
Caper AI
& 8 more
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IPO & Listings of Instacart
Instacart is a publicly listed company on the NASDAQ with ticker symbol CART in USA, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
People of Instacart
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Software Development Team
50 people
Sales and Marketing
49 people
Data Analysis and Operations Team
44 people
Product Management Team
41 people
Leadership Team
34 people
Senior Team
30 people
Human Resources and Administration
20 people
Legal and Compliance
16 people
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Funding Insights of Instacart
Instacart has successfully raised a total of $2.93B across 17 strategic funding rounds. The most recent funding activity was a Series F round of $232 million completed in October 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 17
- Last Round Series F — $232.0M
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First Round
First Round
(21 Aug 2012)
- Investors Count 28
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series F - Instacart | Valuation |
investors |
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| Mar, 2021 | Amount | Series F - Instacart | Valuation | a16z , Sequoia Capital | |
| Oct, 2020 | Amount | Series F - Instacart | Valuation | Valiant Capital |
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Investors in Instacart
Instacart has secured backing from 28 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Fidelity Investments, Kleiner Perkins and Khosla Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Sequoia Capital is engaged in venture capital investments.
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Founded Year | Domain | Location | |
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Private equity and hedge fund focused on consumer, business services, financial, healthcare, and multiple sectors
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Founded Year | Domain | Location |
Investments & Acquisitions by Instacart
Instacart has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Caper AI, Eversight and FoodStorm.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Platform offering digital commerce and fulfillment technology for grocery businesses
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2020 | ||||
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AI-driven automated checkout solutions are offered for offline retailers.
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2015 | ||||
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Online delivery operations are managed for supermarkets and retailers.
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2015 |
Financial Statements - Instacart
Instacart Comparisons
Competitors of Instacart
Instacart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DoorDash, Postmates, Shipt, Getir and Gopuff, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Online platform providing on-demand hyperlocal delivery services
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| domain | founded_year | HQ Location |
On-demand grocery and essentials delivery is facilitated via mobile app.
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| domain | founded_year | HQ Location |
Multi-category grocery products are delivered via a mobile app platform.
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| domain | founded_year | HQ Location |
Online platform offering on-demand delivery services for food and groceries
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Frequently Asked Questions about Instacart
Instacart was founded in 2012.
Instacart is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Fidji Simo is the current CEO of Instacart.
Instacart is a funded company, having raised a total of $2.93B across 17 funding rounds to date. The company's 1st funding round was a Series F of $200M, raised on Aug 21, 2012.
As of Dec 31, 2024, the latest employee count at Instacart is 3,270.
Annual revenue of Instacart is $3.38B as on Dec 31, 2024.
Instacart was founded in 2012 in San Francisco, United States, and operates as an online marketplace in the grocery sector. Various products, including beverages, meat, seafood, oils, honey, fruits, vegetables, and bakery items, are made available for purchase through its platform. The service is accessible via mobile applications on both Android and iOS devices, facilitating user orders across partnered retailers.
Yes, Instacart is publicly traded on NASDAQ under the ticker symbol CART.
Instacart has 28 investors. Key investors include Fidelity Investments, Kleiner Perkins, Khosla Ventures, T. Rowe Price, and Canaan.
The ticker symbol of Instacart is CART on NASDAQ.
The valuation of Instacart is $39B as of Mar 2021.