Although Instacart filed with the SEC in 2022, the Company delayed a formal public offering based on market conditions and the need to revalue the company. In 2021, Instacart was valued at $39 billion, but has an internal evaluation of $13 billion at the present time.
During the past year, the company has expanded the digital media platform, added more customer stores and enrolled more Instacart + members. Services have been extended to businesses at the small and local levels. These actions have resulted in a fifteen percent increase in revenue, enhancing the value of the company. The financial position of Instacart will be revealed after the prospectus has been filed.