Is Instacart a forerunner of bad news? • TechCrunch

The grocery delivery company is said to have suffered a 75% drop in value from its $39 billion peak

As much as we like to end the year with some good newsWhat we’re hearing from grocery delivery company Instacart isn’t exactly that.

Based on Information, citing “two people familiar with the situation,” Instacart cut its internal valuation to about $10 billion. This is 20% below the October 2022 valuation — and 75% off the March 2021 peak.

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This isn’t the first time Instacart’s valuation has gone up or down since it became decacorn – but the chart is more of a pyramid than pointing up and to the right. In case you haven’t keep tabs on our pre-IPO journey as close as we have been, here it is summarize:


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