Is Instacart a forerunner of bad news?
According to reports, the grocery delivery company suffered a 75% reduction in its valuation compared with its peak of $39B
We can do as much as we want To end the year with Some good newsHowever, Instacart’s grocery delivery company is telling us that this is not the case.
According to InformationInstacart’s internal valuation has been reduced to $10 billion, according to “two people who are familiar with the situation.” This is 20% less than its October 2022 valuation and 75% less than its March 2021 peak.
The Exchange examines startups, markets, and money.
Instacart’s value has fluctuated since it became decacorn. However, the graph is more pyramid-shaped that up and to the left. In case you haven’t noticed, Keep an eye on things Here’s a look at the pre-IPO journey of the company. Recap:
- July 2020: $13.8 Billion valuation A $100 million funding round.
- October 2020: ~$17.7 billion valuation set by A $200 million funding round.
- March 2021: $39 Billion valuation A $265 million funding round.
- March 2022: A valuation of $24 Billion Set by the 409A process.
- July 2022: A valuation of $15 Billion Set by the 409A process.
- October 2022: $13 Billion Set by the 409A process.
I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.