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DoorDash Could Finalize Instacart Deal This Week

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DoorDash Could Finalize Instacart Deal This Week

DoorDash could finalize a deal to acquire Instacart as soon as this week, the Wall Street Journal reported Monday (Oct. 26), citing unnamed sources.

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The companies are in advanced talks on a potential acquisition that could value Instacart at $17 billion, though there’s no certainty a deal will be reached, according to the report.

Reached by PYMNTS, an Instacart spokesperson declined to comment on the report.

Instacart had a market value of about $13 billion before its shares rose 8% after the WSJ report, while DoorDash has a market value of around $73 billion, the report said.

The potential acquisition of Instacart would add a major grocery delivery partner to DoorDash, which began by delivering food from restaurants and has since expanded to also serve retailers such as Macy’s, CVS and Target, per the report.

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The Information also reported Monday, citing unnamed sources, that DoorDash and Instacart could announce a $17 billion deal within days, assuming the deal “doesn’t fall apart at the last minute.”

The Information reported Friday (Oct. 23) that Instacart had been in talks with both DoorDash and Uber.

In separate news, Instacart announced in a Monday blog post that it plans to wind down its Caper Cart business, which develops AI carts , after evaluating that unit’s progress and the investment required to scale it and seeing that retail adoption had not scaled quickly enough.


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