Instacart picks Goldman Sachs to lead IPO at $30B valuation

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According to multiple news reports, Instacart has picked Goldman Sachs to lead its IPO. The launch could come as early as next year and carry a value of $30 billion, people familiar with the matter said on Thursday.

Supposedly, Instacart was valued at $17.7 billion last month when it did some private fundraising. It has become obvious that habits are changing rapidly during COVID, and Instacart has been a clear winner.

Instacart has also been expanding its delivery services lately to include non-grocery goods. It is also rolling out its services to major retailers like Walmart, Sephora and 7-Eleven.

Launched in 2012 and led by co-founder Apoorva Mehta, that is a quick trip to $30 billion valuation!!! Other investors in the venture include Sequoia Capital, Andreessen Horowitz and D1 Capital Partners.

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