DoorDash offers $17 billion for Instacart in what would be big grocery delivery consolidation
Summary
DoorDash has offered $17 billion to buy Instacart, a deal that would combine DoorDash’s delivery network with Instacart’s grocery technology and retailer relationships. The companies say the deal could expand store access and simplify memberships, but it requires shareholder and regulatory approval and could reduce competition.Key Facts
- DoorDash offered $17 billion to acquire Instacart.
- The companies expect the deal to close by the end of 2027 or in early 2028 if shareholders and government regulators approve it.
- DoorDash says Instacart would keep its name and app, and its roughly 600,000 independent shoppers could continue fulfilling orders.
- DoorDash says customers with separate DashPass and Instacart+ memberships could pay one fee, and Instacart customers could gain access to 50,000 additional stores on DoorDash’s platform.
- DoorDash completed more than 3 billion orders last year across 40 countries; Instacart fulfilled 338 million orders.
- The deal could give grocers fewer delivery partners and reduce competition, which may affect consumer prices.
- DoorDash has expanded its grocery business through partnerships with Kroger and Costco.
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