DoorDash plans to buy Instacart for $17 billion, creating a delivery powerhouse
Source: Business Insider ·
The $17 billion deal will give DoorDash a leg up over Uber and Amazon in the world of grocery delivery.
From the source
DoorDash has agreed to acquire Instacart.Bloomberg/Getty ImagesDoorDash has agreed to acquire Instacart.The $17 billion deal is expected to close at the end of 2027 or in the first half of 2028.It will give DoorDash a leg up over Uber and Amazon in the world of grocery delivery.Two of the biggest names in food delivery are coming together.DoorDash plans to acquire Instacart in a deal worth about $17 billion, the companies said Thursday. The deal is expected to close at the end of 2027 or in the first half of 2028.The acquisition would combine DoorDash's historical dominance in restaurant delivery with Instacart's roster of grocery partnerships, creating one company to deliver much of customers' weekly dining needs."Together, we can accelerate innovation across the grocery industry and make online grocery more seamless and affordable for the millions of households we serve," said Chris Rogers, the CEO of Instacart. DoorDash has been growing its grocery business since the pandemic,…