Instacart Is Exploring a Sale

Instacart is exploring a sale, potentially ending its 14-year run as a standalone company. Currently valued at $12 billion, the grocery delivery app is working with an investment bank and has held preliminary conversations with Uber and DoorDash. Following reports of these potential acquisitions, Instacart shares jumped 10%. The Silicon Valley company, which served as a lifeline for many Americans during the Covid-19 lockdown, is now weighing its options regarding a transaction with these suitors.