Is Instacart a harbinger of bad news? • TechCrunch

The grocery delivery company reportedly suffered a 75% valuation drop from its peak of $39 billion

As much as we love to end the year with good news, what we’re hearing from grocery delivery company Instacart isn’t exactly that.

According to The Information, citing “two people familiar with the situation,” Instacart reduced its internal valuation to around $10 billion. That’s 20% below its October 2022 valuation – and a 75% reduction from its March 2021 peak.

---

The Exchange explores startups, markets and money.

Read it every morning on TechCrunch+ or receive The Exchange newsletter every Saturday.

---

It’s not the first time Instacart’s valuation has risen or fallen since becoming a decacorn, but the chart is more pyramidal than up and to the right. In case you haven’t been following his pre-IPO journey as closely as we have, here’s a recap: