The grocery delivery company reportedly suffered a 75% write-down from its peak of $39 billion.
all you want To end the year with some good news, what we’re hearing from grocery delivery company Instacart isn’t exactly.
Citing “two people familiar with the situation,” Instacart has cut its internal valuation to around $10 billion, according to The Information. This is 20% lower than the October 2022 valuation and a 75% reduction compared to the March 2021 peak.
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It’s not the first time Instacart valuations have moved up or down since the decacorn, but the chart is more pyramidal than up and down. If you haven’t followed the pre-IPO journey as closely as we did, here’s a rundown.