Instacart explores a sale after preliminary talks with Uber and DoorDash
Instacart is evaluating a possible sale after preliminary talks with Uber and DoorDash, while also selling retailers software alongside grocery delivery.
By Ryan Merket · Published
Primary source: Bloomberg Technology
Why it matters
Instacart's sale exploration puts a concrete price question around the grocery network and retailer software Apoorva Mehta built, even as the report leaves any buyer, offer and valuation unconfirmed.
Instacart, the grocery-delivery company Apoorva Mehta co-founded in 2012, is evaluating a possible sale after preliminary conversations with Uber and DoorDash, according to The Information's report, which Bloomberg said sent the grocery-delivery company's shares higher on October 23rd. The reported discussions are early and may not produce a deal.…
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