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DoorDash Is in Advanced Talks to Acquire Delivery Rival Instacart
DoorDash is reportedly in advanced acquisition talks for Instacart in a deal that would value the grocery delivery company at approximately $17 billion.
What: DoorDash aims to acquire Instacart to expand its retail delivery services, currently held by competitors like Kroger, Safeway, and Aldi. A deal could finalize as early as this week.
Why it matters: Consolidation in the last-mile delivery sector suggests that pure-play grocery delivery models are struggling to maintain independence against dominant food delivery platforms.
Original article
DoorDash is looking to acquire rival Instacart in a deal that would value Instacart at around $17 billion. The deal could be finalized as soon as this week, but there is no guarantee it will come together. Instacart's core business involves online grocery shopping and convenience home delivery from retailers. The acquisition will add to DoorDash's food delivery services from retailers such as Kroger, Safeway, and Aldi.
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