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The grocery delivery company has reportedly experienced a 75% discount to its $39B peak.
As much as we love it To end the year on good news, what we’re hearing from grocery delivery company Instacart isn’t exactly good.
Instacart lowered its internal estimate to about $10 billion, citing “two people familiar with the situation.” That’s 20% lower than the October 2022 price — and a 75% decline from the March 2021 peak.
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This isn’t the first time Instacart’s price has moved up or down since Decacoin — but the graph is more up and to the right than a pyramid shape. If you haven’t been following the pre-IPO journey as closely as we have, here’s the recap:
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