DoorDash acquires Instacart in $17 billion delivery service merger
The deal combines the two largest grocery delivery platforms in the US.
The Wall Street Journal and The Information recently reported that DoorDash has acquired rival grocery delivery service Instacart for a deal worth $17 billion. The merger would bring together the two largest grocery delivery platforms in the United States, though the acquisition may face scrutiny from antitrust regulators. DoorDash, which originally gained traction as a platform for ordering restaurant takeout, now also provides grocery delivery services.
Acquiring Instacart could strengthen DoorDash's grocery delivery capabilities. This acquisition is not DoorDash's only recent expansion; the company has been testing drone delivery services in select markets. Multiple sources, including The Information and The Wall Street Journal, have reported that Instacart has been exploring potential buyers, with Uber also reportedly considering an offer.
DoorDash had previously attempted to acquire Instacart in 2021, but negotiations fell through due to concerns over price and potential antitrust issues.
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