CONNECT WITH US
Fintech

Fintech

Instacart Holds Sale Talks With Rivals Uber and DoorDash

PYMNTS – Fintech logo

Published on

Add as a preferred source on Google
Instacart Holds Sale Talks With Rivals Uber and DoorDash

Instacart has reportedly contacted its rivals about purchasing its grocery delivery platform.

Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

The company is considering a sale and has discussed a possible deal with Uber, The Information reported Friday (Oct. 23), citing sources with knowledge of the matter who said the talks with Uber are not ongoing.

The report added that Instacart has been working with an investment bank to explore its options, and has also held sale talks with DoorDash as well as with other companies. PYMNTS has contacted Uber and DoorDash for comment but has not yet gotten replies. A spokesperson for Instacart declined to comment.

Instacart went public in 2023, and has since seen its growth pale when compared to Uber and DoorDash, even after its high-profile entry into the ad sale space, The Information report added.

Instacart’s yearly revenue growth slowed to 11% for 2024 and 2025, versus 19% in 2023. By comparison, DoorDash’s revenue climbed 28% between 2024 and 2025, while Uber’s were up 18% over that same period, the report said.

Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

The Information report also noted that Amazon could also be hindering Instacart’s growth, as the eCommerce giant keeps expanding its delivery services.

On the plus side, the report added Instacart has been consistently generating cash in its last few quarters, with its growth increasing this year.


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.