On-demand grocery delivery giant Instacart has finally dropped its much anticipated S-1. The company, actually named MapleBear, is one of the best-known unicorns on the IPO shortlist. Instacart’s public-offering filing has been long awaited due to not only its massive fundraising history, but also its sheer anticipated heft.
Instacart is, indeed, a very large private company, making its IPO filing and eventual debut a critical event for the back half of 2023. Since its 2012 inception, Instacart has raised $2.9 billion in funding, according to Crunchbase. In March 2021, the company secured a $265 million funding round from investors such as Andreessen Horowitz, Sequoia Capital, D1 Capital Partners and others, at a $39 billion valuation.
After so long an IPO drought, what does Instacart have in store for its existing investors and those perhaps looking to snap up some of its shares? Below we’ve compiled five initial takeaways from its SEC documents to help understand its growth, health and business.
We’ll dig more deeply into the mechanics of its grocery delivery business and the profitability of the model. Today we’re focused on the big numbers and …
