Instacart is a grocery delivery startup that offers same-day delivery. Customers use the the company's website or app to fill their virtual shopping cart with items from local stores. Instacart then connects the customers with shoppers who pick the items and deliver them straight to their door. Customers can choose from a variety of local stores and mix items from multiple grocers into one order. Instacart already has over 500,000 items from local stores in its catalogue, which includes Safeway, Whole Foods, Super Fresh, Harris Teeter, Shaw's, Mariano's, Jewel-Osco, Stanley's, and Costco.
The company has raised over $1.6 billion in funding to date from Kleiner Perkins Caufield & Byers, Andreessen Horowitz, Sequoia Capital, Y Combinator, Khosla Ventures, Canaan Partners and other participants. Instacart was founded in 2012 and is based in San Francisco.
*Based on Preferred Stock Price, Instacart does not have a stock symbol since it is currently private and is yet to have an IPO.
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