Delivery services platform DoorDash is in late-stage talks to acquire rival Instacart, the Wall Street Journal reported on Oct. 26 local time.
If the talks do not collapse, the deal could be completed as early as this week, the report said. The WSJ cited sources familiar with the matter.
The Information previously reported that DoorDash and Uber showed interest in acquiring Instacart. Sources said talks with Uber have stopped.
Instacart also discussed a sale with DoorDash in 2021. The price discussed at the time was $40 billion to $50 billion. The talks fell apart because antitrust approval was uncertain under the Biden administration.
Instacart grew rapidly during the COVID-19 period, but growth slowed as the pandemic ended, and it listed in 2023 at a valuation of $10 billion. Its shares are up 70 percent from the IPO price.
Since the listing, its growth has lagged rivals. It also entered the advertising business, but revenue growth fell to 11 percent in 2024 and 2025 from 19 percent in 2023.
Chi-gyu Hwang
delight@d-today.co.kr