Grocery delivery platform Instacart confidentially files for US IPO

Instacart Inc, a grocery delivery service, announced that it has confidentially filed for an initial public offering (IPO) with US securities regulators.

The San Francisco-based startup did not disclose the size of its IPO, its pricing range, or when it expects to go public. According to a Bloomberg report, a listing might come this year, though the timeline could slip.

Instacart is working with Goldman Sachs and Morgan Stanley on an offering, the report added, citing people familiar with the matter.


In a March 2021 investment round, Andreessen Horowitz, Sequoia Capital, and D1 Capital Partners, as well as Fidelity Management & Research and T. Rowe Price Associates, valued the company at $39 billion.

Agencies contributed to this story.