Instacart’s Pandemic Boom Is Fading

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Mr. Mehta told each company that he was talking to one of its biggest competitors, so it had to act fast. But the discussions did not get far. The other companies had concerns about the price and antitrust scrutiny. Instacart declined to comment on deal talks, which were previously reported by The Information.Around that time, there were tense discussions between Mr. Mehta and a group of board members led by Michael Moritz, an investor from Sequoia Capital, said four people with knowledge of the situation. The talks with DoorDash and Uber were part of those discussions, some of those people said. (Still, Instacart and Mr. Mehta have said his departure was a voluntary move.)Before Ms. Simo was named chief executive in July, there was a brief discussion about making h …

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