About

Founded

2012

Headquarters

San Francisco, California

Industry

Food Delivery

Company Description

Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop.

Quick Links

Website Jobs

Funding

Total Raised

$2.9 billion

Valuation

Valued at $10 billion at IPO in Sept. 2023

Significant Investors

Andreessen Horowitz, Sequoia Capital, Pear VC, Y Combinator, Kleiner Perkins, Khosla Ventures, Canaan, Sam Altman

Company Traction

Instacart offers retail enablement solutions for over 1,100 retail customers across more than 80,000 locations.

Instacart revenue was reported at ~$2.5 billion for 2022, up 39% over 2021.

In Q4 2022, Instacart’s gross profits increased by 80%.

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Leadership Team

Fidji Simo: CEO at Instacart. Former Head of Facebook App at Facebook.

Asha Sharma: COO at Instacart. Former VP of Product at Facebook.

Daniel Danker: CPO at Instacart. Former Head of Product, Uber Eats at Uber.

Varouj Chitilian: CTO at Instacart. Former Senior Director of Engineering, Consumer Payments at Google.

Laura Jones: CMO at Instacart. Former Global Head of Marketing at Uber.‍

Nick Giovanni: CFO at Instacart. Former Head of Global Technology, Media, and Telecom Group at Goldman Sachs.

Press

The Information (June 1, 2023): Growth Wanes at Instacart, Gopuff

The Information (May 18, 2023): Instacart’s Ad Business Surges

Instacart Blog (March 2, 2021): Instacart Announces $265 Million in New Funding Led By Existing Investor

Instacart