Instacart, formally known as Maplebear, is a same-day grocery delivery startup offering delivery in as little as one hour. Focused on delivering groceries and home essentials, Instacart already has over 500,000 items from local stores in its catalogue. Customers can choose from a variety of local stores including Safeway, Whole Foods, Super Fresh, Harris Teeter, Shaw's, Mariano's, Jewel-Osco, Stanley's and Costco, etc. It employs a sharing-economy model and hires shoppers as independent contractors.
*Based on Preferred Stock Price
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