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DoorDash Acquisition Talks Lift Instacart Founder Back Into Billionaire Ranks

Original: doordash instacart

DoorDash is reportedly in acquisition talks involving Instacart, and the speculation has returned Instacart founder Apoorva Mehta to the billionaire ranks as the grocery delivery company's valuation climbs. Forbes reported the development, and investors are watching whether a deal would consolidate the US grocery delivery market under DoorDash.

Why now: Reports of DoorDash acquisition talks are moving Instacart's valuation and refocusing attention on a possible mega-merger in grocery delivery.

DoorDashInstacartApoorva MehtaForbes

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Evidence

• DoorDash agrees to buy Instacart for $17 billion in a big consolidation of the grocery delivery business · 10TV
• DoorDash Acquisition Talks Return Instacart Founder To BIllionaire Ranks · Forbes

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