Grocery delivery firm Instacart going public All you need to know

November 26, 2021 02:14 AM PST | By Team Kalkine Media

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*Instacart - Online grocery delivery company - might be going public either through an IPO or direct listing as early as next year. Hey and thanks for tuning in, Holly Shields here for Kalkine Media.

*The retailer has been stepping up efforts to expand its grocery delivery service to new areas. For instance, it has invested heavily in advertising and tech tools to market its products.

*In the first three months after Fidji Simo joined the firm as CEO, Instacart bought two companies: catering software firm FoodStorm, and self-checkout "smart" cart startup Caper AI for around US$350 million, Instacart’s largest acquisition ever. The company runs 40,000 stores in more than 5,500 cities in the US and Canada.

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