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Is Instacart a harbinger of bad news? • TechCrunch

Is Instacart a harbinger of bad news? • TechCrunch

Is Instacart a harbinger of bad news? • TechCrunch

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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.

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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.


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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:

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