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The Instacart logo is a simplified carrot. Logo since 2022. Maplebear Inc., [2] doing business as Instacart, is an American delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. [4]
Maplebear Inc (NASDAQ:CART) shares are trading lower in premarket Wednesday after the company reported third-quarter financial results. Revenue of $852.0 million exceeded the consensus of $844.1 ...
In September 2023, Instacart appointed Simo to succeed Apoorva Mehta as the Board Chair following the company's public debut initial public offering. [12] Under Fidji's leadership, Instacart broke the longest tech IPO drought in the last 20 years, listing under the ticker symbol CART on Nasdaq in September 2023. [13]
Apoorva Mehta (born 1986) is a billionaire Canadian-American businessman and the founder of Instacart and Cloud Health Systems. [1] [2] As of September 2023 he had a net worth of $1.3 billion, owing to his 10% ownership share of Instacart and his stake in Cloud Health Systems. [3]
On Friday, the company finally filed for its long-awaited IPO. In its filing, Instacart revealed it earned $2.5 billion in revenue and $428 million in profit last year. It referenced its past ...
Obviously, there is Instacart’s founder, Apoorva Mehta, who will still own 10% of the company post-IPO (Mehta stepped back as CEO in 2021, with Fidji Simo replacing him as chief executive, as ...
The company included a provision in its S-1 filing where, if the stock trades at more than 120% of its IPO price for five of at least 10 consecutive trading days (one of which must be after ...
Instacart on Monday priced its initial public offering of stock at $30 a share, raising $660 million for the grocery delivery company. San Francisco-based Instacart sold 22 million shares in the IPO.