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DoorDash to acquire Instacart for $17B
TechCrunch • • business
Key Points:
- DoorDash has agreed to acquire Instacart for $17 billion, paying $65 per Instacart share, with approval from both companies' boards.
- The acquisition will combine DoorDash’s restaurant delivery dominance with Instacart’s grocery delivery expertise, while both brands will continue operating independently until the deal closes.
- DoorDash aims to leverage Instacart’s technology to help grocers build online ordering and advertising platforms, while offering fulfillment services to reduce delivery costs.
- Instacart CEO Chris Rogers highlighted the potential to enhance customer experience and create new opportunities for retail partners by merging Instacart’s grocery technology with DoorDash’s logistics and consumer reach.
- The deal is anticipated to finalize between late 2027 and mid-2028, with Instacart choosing to sell amid rising competition in the grocery delivery sector.
