Instacart, the grocery delivery company has an awesome history. Join us, and let's together have a look at the past of Instacart as a company!
In 2022, Instacart's valuation declined by roughly 40%, from USD39 billion to USD24 billion.
The highest that Instacart was ever worth was of $39 billion.
In 2021, Instacart increased its revenue by 20%, amounting to $1.8 billion.
Note how every new year at Instacart means new revenue. In fact, with each new year, there are more millions coming in.
Approximately 767,000 consumers order from Instacart every day.
It's impressive to think that with every second going by, there are 9 new orders on Instacart. As you read this, 9 new orders take place with each new second!
According to a report from the information, Instacart made USD5 million in profit as of 2020, a swift turnaround following its enormous USD300 million loss in 2019.
Instacart's gross merchandise value is expected to reach a high of $27.33 billion by 2025.
Instacart has raised a total of $2.9B in funding over 19 rounds. Their latest funding was raised on Nov 1, 2021, from a Venture - Series Unknown round.